The U.S. antitrust enforcers will likely block a merger if
A. the merging firms are in different markets.
B. the merger will substantially increase market power.
C. the degree of concentration declines as a result of the merger.
D. the merging firms already earn excessive profits.
Answer: B
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For a particular good, a 3 percent increase in price causes a 10 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good?
a. The relevant time horizon is short. b. The good is a necessity. c. The market for the good is broadly defined. d. There are many close substitutes for this good.
Adrian reads about two theories, A and B. Theory A seems wrong to Adrian and theory B seems correct to Adrian. It follows that
A) theory B is correct, and theory A is not. B) both theories may be correct. C) both theories may be incorrect. D) theory A is trying to explain something completely different than theory B. E) b and c
comparing M1 and M2 we know that
What will be an ideal response?
Immigration accounts for what percentage of the annual growth in the U.S. labor force in recent years?
A. About 10 percent B. About 25 percent C. About 33 percent D. About 50 percent