A . What is a consent decree? b. Why would the FTC agree to a consent decree? c. What is the problem with consent decrees?
a . A consent decree is a negotiated settlement between the FTC and a firm prior to and in lieu of the
actual prosecution of an antitrust suit. The settlement allows the contemplated merger or acquisition to
occur uncontested as long as the firm consents to certain conditions placed on it by the FTC.
b. The FTC would agree to a consent decree if it thinks it can protect competition in the face of a merger
or acquisition and still allow the merger or acquisition to take place.
c. The problem is that consent decrees generally require the FTC to monitor compliance. The FTC
sometimes finds itself waging costly battles against firms as it tries to make them fulfill the conditions
set in their decrees.
You might also like to view...
Andrew Carnegie was largely responsible for the development of the _________ industry; while John D. Rockefeller was largely responsible for the development of the _________ industry.
Fill in the blank(s) with the appropriate word(s).
The inflation rate measures the average prices of goods and services in the economy
Indicate whether the statement is true or false
A production possibilities frontier is bowed outward when
a. the more resources the economy uses to produce one good, the fewer resources it has available to produce the other good. b. an economy is self-sufficient instead of interdependent and engaged in trade. c. the rate of tradeoff between the two goods being produced is constant. d. the rate of tradeoff between the two goods being produced depends on how much of each good is being produced.
Grouping people together within a subunit is likely to
A. lead to empowerment. B. lower the communication and coordination costs within the subunit. C. increase the communication and coordination costs within the subunit. D. lead to boundary setting.