Interlocking directorates are:
A. legal if the two firms have small market shares.
B. illegal under provisions of the Federal Trade Commission Act of 1914.
C. illegal under provisions of the Celler-Kefauver Act of 1950.
D. illegal under provisions of the Clayton Act of 1914.
Answer: D
You might also like to view...
Microeconomics
a. addresses scarcity from a global perspective b. examines how individuals, households, and firms make economic decisions c. is purely theoretical and has little value in explaining real-world phenomena d. focuses on what is happening in the economy as a whole e. answers the fundamental economic questions of how, when, where, and why
The money supply is the amount of money:
A. that banks keep on hand. B. that banks keep on hand beyond the reserve requirement. C. available in the economy. D. available for banks to lend.
Other things being equal, what impact does enhanced consumer information on the risk of colon cancer linked to red-meat consumption have on the equilibrium in the market for beef?
A. A decrease in both price and quantity; B. An increase in price and decrease in quantity; C. A decrease in price and an increase in quantity. D. Not enough information is provided to answer this question;
The type of regulation that attempts to keep prices and the rate of return in an industry at a competitive level is referred to as
A) cost-of-service regulation. B) rate-of-return regulation. C) service-opportunity regulation. D) natural regulation.