The local pizza delivery industry currently has a Herfindahl-Hirschman index (HHI) value of 999 and two of the competing pizza shops have considered merging
Because the merger would raise the HHI by 55 points, the Federal Trade Commission would likely A) not challenge the merger.
B) challenge the merger.
C) allow the merger under the condition that HHI does not rise by more than 55 points as promised.
D) allow the merger under the condition that the HHI remain at the premerger level of 999.
A
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A price control is:
A) a market determined equilibrium price. B) a non-market price imposition. C) the price at which quantity demanded equals quantity supplied. D) the price that maximizes social surplus.
What can the Federal Reserve do to increase the natural rate of unemployment?
A) nothing B) follow contractionary monetary policy that will increase inflation C) follow contractionary monetary policy that will reduce inflation D) follow expansionary monetary policy that will increase inflation
As an apparent result of airline deregulation,
a. many small communities have been left without airline service. b. the wages and benefits of airline workers have been reduced. c. air fares have risen more quickly than they probably would have under continued regulation. d. small commuter airlines have almost vanished.
An increase in demand is shown graphically by
A. a shift of the demand curve to the right. B. a movement up along the existing curve. C. a shift of the demand curve to the left. D. a movement down the existing curve.