Which of the following mergers would most likely be challenged by the Federal Trade Commission?
A) two restaurants in a large metro area
B) two largest wireless service providers in the U.S. wireless communication industry
C) an automaker and an insurance company
D) one oil refinery in the U.S. and another oil refinery in Canada
Answer: B
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The presence of substitute goods will tend to make demand more
A) inelastic. B) unit elastic. C) elastic. D) vertical.
How do high rates of inflation lead to an increased frequency of cash withdrawals from an ATM or a bank?
Regarding U.S. health care costs, it is correct to say that: a. Americans pay more for health care than people in other developed countries
b. U.S. health care costs are growing faster than the growth in other countries. c. The level of health care costs are the source of fiscal pain that societies around the globe are experiencing. d. All of these statements are true.
If the price of roses increases the
A. demand curve for carnations will shift to the right. B. demand curve for roses will shift to the left. C. demand curve for carnations will shift to the left. D. demand curve for roses will shift to the right.