ECON 370

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Author:
trk008
ID:
66507
Filename:
ECON 370
Updated:
2011-02-15 14:27:18
Tags:
Review
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Description:
exam 1
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  1. What is the Lerner index formula?
    L= P-MC/ P.
  2. What is teh Lerner index?
    describes the market power.
  3. Who was the Lerner index named after?
    Abba Lerner
  4. What regulated interstate commerce?
    Cant combine or conspire.
    The Shrerman Anti-trust act
  5. When was the Sherman Anti-trust act implaced?
    1890
  6. When did Teddy Roosevelt become president?
    1901
  7. Why did Roosevelt re-run for president in 1904?
    break-up the trust (firms), the trust busters.

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