The antitrust case against IBM was dropped after 13 years of litigation because
A. the Celler-Kefauver Act was passed and it changed the relevant antitrust rules.
B. IBM proved that the firm did not commit bad acts.
C. antitrust laws shifted from a rule of reason to a per se rule.
D. new companies began competing in the market and the political environment changed to a less restrictive interpretation of antitrust laws.
Answer: D
You might also like to view...
If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible
A) explicit B) marginal C) opportunity D) implicit
The covered interest rate parity condition can be stated as follows: The interest rate on dollar deposits equals the interest rate on euro deposits ________ the forward ________ on euros against dollars
A) plus; premium B) minus; premium C) plus; discount D) minus; discount E) times; premium
The aggregate supply curve normally
a. slopes downward and to the right due to higher resource prices. b. has a horizontal slope equal to zero. c. is very steep in the lower portion and flatter in the upper portion. d. slopes upward to the right due to short-run fixed costs of production.
The calculators of a price index use a “bundle” or “basket” of representative goods and services. What tradeoff are they making in this calculation?
a. ethics for monetary gain b. logic for relevance c. accuracy for convenience d. tradition for innovation