Home / Questions / A high degree of _____ suggests that if a firm attacks in one market, its rivals may engag
A high degree of _____ suggests that if a firm attacks in one market, its rivals may engage in cross-market retaliation.
a.market commonality
b.explicit collusion
c.multimarket competition
d.predatory pricing
13.____ is an attack on a competitor's other markets if this competitor attacks a firm's original market.
a.Cross-market retaliation
b.Market commonality
c.Multimarket dependency
d.Mutual forbearance
14._____ determines the institutional mix of competition and cooperation that gives rise to the market system and also seeks to balance efficiency and fairness.
a.Competition policy
b.Antitrust policy
c.Mutual forbearance
d.Fairness policy
15.The American antitrust policy is considered to be _____.
a.pro-incumbent
b.pro-producer
c.pro-collusion
d.pro-consumer
16._____ is designed to combat monopolies and cartels.
a.Competition policy
b.Predatory pricing
c.Cross-market retaliation
d.Antitrust policy
17.The act of setting prices below cost to eliminate rivals while intending to raise them in the long run to make up for the initial losses is known as _____.
a.dumping
b.collusive price setting
c.predatory pricing
d.counterattack
18.Dumping is defined as a(n) _____.
a.exporter selling below cost abroad
b.company reducing prices after eliminating rivals
c.firm engaging its rival in multiple markets
d.domestic company selling above cost
19._____ refers to price setting at a level higher than the competitive level by monopolists.
a.Collusive price setting
b.Predatory pricing
c.Dumping
d.Mark-up pricing
20.A _____ antirust policy would protect established firms that have already invested and nurtured an industry from new entrants.
a.pro-imitability
b.pro-incumbent
c.pro-competition
d.pro-consumer
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