Which of the following will the FTC probably support?
a. a merger that makes entering a market more difficult
b. a merger that lowers competition in an industry
c. a merger that leads to greater market concentration
d. a merger that leads to lower prices for consumers
Ans: d. a merger that leads to lower prices for consumers
You might also like to view...
What can we say about APC + APS and MPC + MPS?
A) Each must sum to 1. B) MPC + MPS = 100% of total income. C) APC + APS = 100% of the change in income. D) MPC + MPS always equals 1, but the sum of APC + APS can vary.
In economic terms, interest is the payment for
A) current command over resources. B) producers' goods. C) stocks. D) both consumer and capital goods.
Activities that interest groups undertake to secure special favors from government is called rent seeking
a. True b. False
Evaluating risk requires that:
A. we consider uncertain costs or benefits of an event or choice. B. we think about different possible outcomes. C. we accept that our best guess about future costs and benefits could be wrong. D. All of these statements are true.