Under the merger guidelines written by the DOJ and FTC, a merger may not be challenged if:
A. there is an emergence of new technology.
B. there is significant foreign competition.
C. the firms involved have monetary problems.
D. All of the statements associated with this question are correct.
Answer: D
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The U.S. government has frequently used a "command-and-control" approach in dealing with pollution. Which of the following describes this approach?
A) The government imposes quantitative limits on the amount of pollution firms are allowed to generate. B) The government distributes information to consumers and producers on how to reduce pollution. C) The government uses subsidies to encourage firms to use new technology that reduces pollution. D) The government uses taxes in order to internalize the externalities caused by pollution.
Which of the following is the best example of a variable cost?
a. property taxes b. lease payments for equipment rental c. rent on office space d. wages for hourly workers e. interest on outstanding loans
You estimate that the income elasticity of demand for dairy products in the use is 0.20. If national income is predicted to decrease by 3%, what is the percentage change in dairy products expected (all else equal)?
a. +3% b. -3% c. + 0.6% d. - 0.6% e. Can't tell from the available information
Discuss two reasons why a country's government could conclude that imposing an export duty on a product the country exports is a good idea.
What will be an ideal response?