Explain the key issues presented by both sides of the Staples/Office Depot case in 1997.
What will be an ideal response?
Staples and Office Depot proposed a merger on the basis that it would allow the companies to save money in production costs and pass the savings along to consumers. The FTC found that the price of office products was significantly higher in regions that had only one of the stores, and so they determined that the anticompetitive effects of the merger outweighed the potential cost savings, and blocked the merger.
You might also like to view...
If supply falls, what happens to equilibrium price and quantity?
What will be an ideal response?
The interest rate banks charge each other to borrow excess reserves is called the:
A. federal funds rate. B. discount rate. C. prime rate. D. required reserve ratio.
Can you think of explanations beyond those discussed in the text for the relative decline of unionism in the United States?
What will be an ideal response?
All of the following describe trends in U.S. labor markets except:
A. a slowdown in real wage growth since the 1970s. B. substantial growth in real ages during the last century. C. substantial growth in the level of employment in the United States. D. growing wage equality in the United States in recent decades.