The result of the Interstate Bakeries and Continental Bakery case was that the firms were:
A. allowed to merge only if one of the firms sold off some of its divisions.
B. blocked from merging because a merger would have created a monopoly in some locations.
C. fined substantial amounts for engaging in a trust.
D. forced to split up into several smaller firms.
Answer: A
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The expenditures of government-owned corporations with budgets separate from the government's budget are called _____
a. on-budget expenditures b. off-budget expenditures c. quasi-budget expenditures d. private expenditures
The natural rate of unemployment
a. is constant over time. b. varies over time, but can't be changed by the government. c. is the socially desirable rate of unemployment. d. does not depend on the rate at which the Fed increases the money supply.
If the government were to increase taxes, it would be enacting:
A. expansionary budgetary policy. B. contractionary monetary policy C. expansionary fiscal policy. D. contractionary fiscal policy.
Identify some problems or issues that are both economic and political.
What will be an ideal response?