If Verizon Wireless and T-mobile, another wireless service company, were to merge, this would represent
A) a vertical merger.
B) a horizontal merger.
C) a cartel.
D) an up-and-down merger.
Answer: B
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Which of the following short-run outcomes for monopolistic competition is NOT possible?
A) P = MR = MC. B) P > MC > ATC. C) P = ATC. D) P > ATC.
Relative to an environment with free trade and no tariff, the winners from the tariff are the domestic ________, and the losers from the tariff are the domestic______. 
A. consumers of sugar and the government; producers of sugar B. producers of sugar; consumers of sugar and the government C. consumers of sugar; producers of sugar D. producers of sugar and the government; consumers of sugar
Capital accumulation definitely
A) has no impact on the production possibilities frontier. B) shifts the production possibilities frontier inward. C) makes the production possibilities frontier steeper. D) shifts the production possibilities frontier outward.
________ can force a competitor to stop false advertising.
A) The Federal Trade Commission's (FTC), but not the Lanham Act B) The Lanham Act, but not the Federal Trade Commission's (FTC) C) Neither the Federal Trade Commission's (FTC) nor the Lanham Act D) Both the Federal Trade Commission's (FTC) and the Lanham Act