U.S. antitrust agencies tend to emphasize ________ surplus and generally challenge the merger if they believe the predicted price will ________ as a result of the merger
A) consumer; rise
B) producer; rise
C) consumer; fall
D) producer; fall
A) consumer; rise
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Increases in productivity are not responsible for increased standards of living in the United States
a. True b. False Indicate whether the statement is true or false
When the Federal Reserve sells government bonds to the public, this is an example of a(n):
A. open-market purchase. B. discount loan. C. open-market sale. D. bank panic.
In order to practice price discrimination, a firm must be in a market such that the consumers in its market:
A. all have identical tastes. B. all have identical price elasticities of demand. C. have different price elasticities of demand. D. have the same demand for its product.
A decrease in the marginal factor cost of labor will
A) lead to an decrease in the quantity demanded of labor. B) induce a firm to hire fewer workers. C) induce a firm to hire more workers. D) cause the value of the marginal product of labor to decrease.