If an industry currently has a Herfindahl index of 900 and a merger would raise that to 950, then the Department of Justice would generally
a. challenge the merger because the index would become too large
b. challenge the merger because the change in the index is too large
c. not challenge the merger because the postmerger index is less than 1,800
d. not challenge the merger if it is a horizontal merger
e. challenge the merger if it is a vertical merger
C
You might also like to view...
A true signal must
A) convey information only. B) convey information and direct the resource owners to act appropriately. C) convey information about the long-run future. D) explain in detail why something should be done.
Why is labor productivity so much lower in developing countries than in developed countries?
a. People concentrate more on theoretical education than on technical experience in developing countries. b. Income per capita is too low in developing countries to support investment in human and physical capital. c. High capital-labor ratio in the developing nations leads to lower productivity. d. Factors of production in developing countries are usually owned by the government.
Figure 4-3 indicates the demand (D) and supply (S) for the rental housing market in a large city. If the government imposed a price ceiling of a, which of the following would be true?
a. The quantity of rental housing demanded would be t. b. The quantity of rental housing supplied would be r. c. There would be a shortage of rental housing. d. All of the above are true.
If V = 10, Q = 4,000, M = 800, then P
A. is 2. B. is 4. C. is 20. D. is 40.