A high degree of _____ suggests that if a firm attacks in one market, its rivals may engage in cross-market retaliation.
13.____ is an attack on a competitor's other markets if this competitor attacks a firm's original market.
14._____ determines the institutional mix of competition and cooperation that gives rise to the market system and also seeks to balance efficiency and fairness.
15.The American antitrust policy is considered to be _____.
16._____ is designed to combat monopolies and cartels.
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 _____.
b.collusive price setting
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
20.A _____ antirust policy would protect established firms that have already invested and nurtured an industry from new entrants.
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