According to the FTC, antitrust regulations are in place because mergers that lessen competition can lead to:
a. too many goods and services.
b. higher quality products.
c. higher prices.
d. a decentralized market.
c. higher prices.
The FTC recognizes, “Some [mergers] are likely to lessen competition. That, in turn, can lead to higher prices, reduced availability of goods or services, lower quality of products, and less innovation. Indeed, some mergers create a concentrated market, while others enable a single firm to raise prices.”
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What is the average cost per unit for producing 3 units?
a. 200 b. 260 c. 70 d. 110
Identify which item is not one of the six parts of the financial system.
A. Financial institutions B. Credit cards C. Central banks D. Financial instruments
Using the Rule of 72, how long will it take something growing at 4% per year to double?
A. 72 years B. 100 years C. 288 years D. 18 years
In the presence of asymmetric information, production efficiency is assured when the principal and agent share the profit
Indicate whether the statement is true or false