IBM and Sara Lee are two of the biggest firms in the United States, but they produce different products. Could they legally merge, or would their merger be struck down by the courts?
The courts have indicated that conglomerate mergers, such as this one, are virtually immune under existing
laws. Since Congress doesn't seem inclined to challenge that interpretation, this merger would probably be
allowed.
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Indicate whether the statement is true or false
The money supply consists of:
A) currency plus reserves. B) currency plus required reserves. C) currency plus excess reserves. D) currency plus demand deposits.
The socially optimal amount of pollution is
A) zero. B) greater than zero. C) indeterminant. D) unattainable.
The more sensitive people are to a change in price, the
A) greater a change in price must be to induce a certain change in quantity demanded. B) greater is the price elasticity of demand. C) smaller the price elasticity of demand. D) closer the price elasticity of demand is to one.