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ECON 370
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What is the Lerner index formula?
L= P-MC/ P.
What is teh Lerner index?
describes the market power.
Who was the Lerner index named after?
Abba Lerner
What regulated interstate commerce?
Cant combine or conspire.
The Shrerman Anti-trust act
When was the Sherman Anti-trust act implaced?
1890
When did Teddy Roosevelt become president?
1901
Why did Roosevelt re-run for president in 1904?
break-up the trust (firms), the trust busters.
Author
trk008
ID
66507
Card Set
ECON 370
Description
exam 1
Updated
2011-02-15T19:27:18Z
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