Under a rule of reason approach, which of the following would be legal in the United States?
a. the merger of two small companies in an unconcentrated market
b. price fixing between IBM and Compaq
c. the merger between Ford and General Motors
d. Kellogg's and General Mills collude to drive Quaker Oats out of the business
e. Exxon Oil and Mobil Oil elect the same person to their boards of directors
A
You might also like to view...
Even if there are significant barriers to entry, firms may not be highly profitable
a. Substitute product offerings among rivals b. The ability of consumers to switch to substitute products easily c. All of the above d. None of the above
For firms that sell one product in a perfectly competitive market, marginal revenue is:
A. equal to market price. B. the additional revenue gained from selling one more unit. C. equal to average revenue. D. All of these are true.
Suppose a banking system has a required reserve ratio of 0.15. How much can the money supply increase in response to a $1 billion increase in excess reserves for the whole banking system?
A. $150 million. B. $6.67 billion. C. $1 billion. D. $15 billion.
Which of the following is a reason for using independently pooled cross sections?
A. To obtain data on different cross sectional units B. To increase the sample size C. To select a sample based on the dependent variable D. To select a sample based on the independent variable