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Modern Justice Department guidelines evaluate mergers according to how they would change t

Modern Justice Department guidelines evaluate mergers according to how they would change the industry's

a.Herfindahl index.

b.four-firm concentration ratio.

c.eight-firm concentration ratio.

d.twelve-firm concentration ratio.

 

 

 

94.The merger of two firms producing personal computers is an example of a __________ merger.

a.horizontal

b.vertical

c.conglomerate

d.parallel

 

 

 

95.The merger of a brewery with an aluminum can producer is an example of a __________ merger.

a.horizontal

b.vertical

c.conglomerate

d.parallel

 

 

 

96.The Justice Department most closely examines proposed __________ mergers.

a.horizontal

b.vertical

c.conglomerate

d.international

 

 

 

97.The type of merger most likely to reduce competition in an industry is a(n) __________ merger.

a.horizontal

b.vertical

c.conglomerate

d.international

 

 

 

98.The public choice theory of regulation states that a regulatory agency makes decisions based on

a.surveys of what the public believes is in the best interest.

b.its own conception of what is in the public's best interest.

c.how these decisions affect the well-being of the agency itself.

d.how these decisions affect the economic profits of the regulated firms.

 

 

 

99.Suppose a regulatory agency makes decisions that seem to require an ever-growing agency budget and staff of regulators to monitor firms and enforce the decisions. This would be evidence in support of the __________ theory of regulation.

a.public choice

b.public interest

c.capture

d.Stigler

 

 

 

100.Economists assert that government regulation

a.has no costs if it has positive benefits.

b.has no benefits if it has positive costs.

c.always has benefits in excess of costs.

d.always has costs in excess of benefits.

e.has benefits that may be greater than, less than, or equal to the costs.

 

 

 

101.The following statement, "Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several states, or with foreign nations, is hereby declared illegal," is part of the

a.Clayton Act.

b.Sherman Act.

c.Federal Trade Commission Act.

d.Wheeler-Lea Act.

e.Celler-Kefauver Antimerger Act.

 

 

 

102.Price discrimination was deemed illegal by the

a.Sherman Act.

b.Wheeler-Lea Act.

c.Clayton Act.

d.Federal Trade Commission Act.

e.none of the above

 

Dec 09 2019 Read more Less More

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