Use the Following to Answer Question

question 14

Multiple Choice

Use the following to answer question
Figure: Gizmos and Gadgets
-(Figure: Gizmos and Gadgets) Using the graph,we see that the opportunity cost of 1 gizmo is:

• A) 1 gadget.
• B) 2 gadgets.
• C) 50,000 gadgets.
• D) 25,000 gadgets.

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Definitions:

Antitrust Violation

An offense under laws intended to protect trade and commerce from abusive practices such as monopoly, restraint of trade, and unfair business practices.

Social Media Site

A website or platform that enables users to create and share content or participate in social networking.

Per Se Violation

An action that is inherently illegal and does not require further proof of harm or anticompetitive effects to be considered a breach of law.

Sherman Act

A foundational U.S. antitrust law enacted in 1890 to prevent monopolies and promote competition among businesses.