According to U.S. antitrust enforcement guidelines, a merger is likely to be challenged if
A. the industry after the merger has an HHI above 1,800 and the HHI rises by more than 100.
B. the industry after the merger has an HHI above 1,000 and the HHI rises by more than 10.
C. the industry after the merger has an HHI above 1,800 and the HHI falls by more than 100.
D. the HHI decreases after the merger.
Answer: A
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Long time lags hamper the effectiveness of economic policy because: a. people don't want to wait for economic recovery
b. the longer unemployment lasts, the more intense inflation becomes. c. by the time the impact of a policy is felt, a new problem may have come along that requires a different policy, which may make the economic situation even worse. d. if inflation is allowed to continue for too long, it becomes immune to policy interference. e. if unemployment is allowed to continue for too long, it becomes immune to policy interference.
Many persons object to the results of the competitive market system because
a. it takes too much energy to coordinate activities. b. efficient outcomes may not be compatible with their ideas of a fair distribution. c. a few people can control all economic activity. d. it fosters high rents and low beef prices.
When the government borrows from the public, the result is
A. a decrease in unemployment. B. an increase in real GDP. C. downward pressure on interest rates. D. an increase in the demand for loanable funds.
Suppose there's an unanticipated increase in the rate of inflation. Which of the following is likely to be true?
a. Workers whose nominal wages are set at the beginning of the year are likely to suffer a decrease in real wages. b. Creditors who made loans based on the anticipated rate of inflation will earn a higher real interest rate than they expected. c. The real value of outstanding loan balances of debtors will increase. d. Workers whose nominal wages are set at the beginning of the year are likely to enjoy an increase in real wages.