Suppose that in an industry, firm X has 50 percent market share, firm Y has 35 percent market share, and firm Z has 10 percent market share. Which of the following mergers is NOT likely to be challenged by the Federal Trade Commission?
A) a merger between firms X and Y
B) a merger between firms Y and Z
C) a merger between firms X and Z
D) Any merger of two firms among those firms is likely to be challenged.
D
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Positive economics
A) always gives an optimistic spin to economic news. B) is concerned with the economic policies that should be implemented. C) is objective. D) was not used by nineteenth century economists.
Suppose that the government spends more on a missile defense program. What does this do to aggregate demand? How is your answer affected by the presence of the multiplier, crowding-out, taxes, and investment-accelerator effects?
The long-run effect of rent control on an area includes
A) rampant building of new low-income housing. B) many new luxury apartments new luxury apartments will be built. C) new investors into the real estate market in the area. D) less investment into the real estate market in the area.
Using the seasonal business cycle as your guide, during which quarter would you be most likely to expect an increase in your corporation's sales?
A. The first quarter of the year (January-March) B. The second quarter of the year (April-June) C. The third quarter of the year (July-September) D. The fourth quarter of the year (October-December)