If the merger of two firms is challenged by an antitrust agency, one possible solution is for the firms to ________.
A) sell some of their assets to a third firm to avoid reducing competition.
B) include more than three firms in the merger.
C) include a third firm in the merger.
D) sell their assets to each other to avoid reducing competition.
A) sell some of their assets to a third firm to avoid reducing competition.
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Which of the following applies to the use of money as a unit of account?
I. A unit of account is an agreed measure for stating the prices of goods and services. II. Using money as a unit of account creates a simplified pricing system. III. Economies choose many goods as units of account. A) I only B) II only C) I and III D) I and II
Because a price setter has control over both the level of output it produces and the price it charges, it can select from a number of different combinations of output and price levels that will maximize its profits
Indicate whether the statement is true or false
Institutions are:
a. the rules of the game b. how resources are allocated c. illustrations of the laws of scarcity d. organizations that operate on a non-profit basis e. none of the above
At the point where the demand and supply curves for a product intersect,
What will be an ideal response?