PLEASE HELP ME WITH THESE MULTIPLE CHOICE QUESTIONS, THANK YOU!

In the 1890s, German courts were taking a very different approach to cartels and antitrust. What did the German court rule in the pulp cartel case?

a. all cartels were illegal per se

b. cartels were illegal unless licensed by the government

c. unless they were unreasonable, cartels were legal and socially beneficial

d. the government was required to prosecute cartels in criminal court

e. German antitrust laws had to be the strongest in the world

Suppose a price taker market has been at equilibrium until an increase in demand increases the market price. In the future, ceteris paribus, we should expect to see

a. the price stay at the higher level

b. the price goes even higher

c. the price fall

d. costs increase

e. costs decline

If a new technology increases productivity in a price taker market, we should expect to see at the next equilibrium

a. a higher price

b. a lower price

c. the same price but higher profits

d. the same price but lower profits

Why was Nabisco giving up on its strategy of seeking a cracker or biscuit monopoly?

a. Nabisco could not eliminate market competition

b. Nabisco could not eliminate creative destruction

c. Nabisco could not eliminate the competition of capitals

d. Nabisco could not eliminate arbitrage

e. Nabisco could not eliminate product competition