Question

question 43
a products price approaches its marginal cost as market concentration increases.
o true
o false
question 44
the sherman act prohibited
o setting price above marginal cost.
o marginal cost pricing.
o selling below average total cost.
o collusive price agreements among rival sellers.
question 45

Explanation:

For Question 43: In a more concentrated market (less competition), firms have more market - power. A product's price moves away from marginal cost as market concentration increases, not towards it.
For Question 44: The Sherman Act is aimed at preventing anti - competitive behavior. Collusive price agreements among rival sellers are anti - competitive and prohibited by the Sherman Act.

Answer:

Question 43: False
Question 44: collusive price agreements among rival sellers