Which of the following acts prohibits two competitors from merging with one another for the purpose of reducing competition?
A) the Sherman Act
B) the Clayton Act
C) the Federal Trade Commission Act
D) the Robinson-Patman Act
Answer: B) the Clayton Act
You might also like to view...
If you got a new job and moved to Dale, Indiana (population 1,500), you would expect to find two grocery stores. The market form is
A. oligopoly. B. monopoly. C. monopolistic competition. D. perfect competition.
The multiplier effect
a. and the crowding-out effect both amplify the effects of an increase in government expenditures. b. and the crowding-out effect both diminish the effects of an increase in government expenditures. c. diminishes the effects of an increase in government expenditures, while the crowding-out effect amplifies the effects. d. amplifies the effects of an increase in government expenditures, while the crowding-out effect diminishes the effects.
Refer to the information provided in Figure 12.4 below to answer the question(s) that follow.
Figure 12.4There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S0 and D0.Refer to Figure 12.4. Assume consumer preference changes toward X and away from Y. Ceteris paribus, the equilibrium quantity of X will ________ and the equilibrium quantity of Y will ________.
A. decrease; decrease B. increase; decrease C. decrease; increase D. increase; increase
Which of the following workers is most likely to lose his/her job during a recession?
A. Barber B. Farmer C. Baker D. Construction worker