A) price; quantity
B) quantity; price
C) law; the economy
D) size; behavior
E) behavior; size
Correct Answer
verified
Correct Answer
verified
A) Sherman Antitrust Act of 1890.
B) Clayton Act of 1914.
C) Federal Trade Commission Act of 1914.
D) Robinson-Patman Act of 1936.
E) Cell-Kefauver Act of 1950.
Correct Answer
verified
Correct Answer
verified
A) the first unit produced.
B) each unit produced.
C) the last unit produced.
D) the profit-maximization unit.
Correct Answer
verified
Correct Answer
verified
A) Price discrimination.
B) Exclusive buyer/seller contracts.
C) Buying a competitor's voting stock.
D) Buying a competitor's plants and equipment.
E) Interlocking boards of directors.
Correct Answer
verified
Correct Answer
verified
A) price discrimination.
B) exclusive dealing.
C) a tying contract.
D) interlocking directorates.
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
The merger would be allowed under the ru...View Answer
Correct Answer
verified
View Answer
A) not guilty of violating the Sherman Antitrust Act because it was a good monopoly.
B) did not have a good reason for having a large market share, so found it guilty.
C) guilty because its firm size was a per se violation of antitrust laws.
D) not guilty because it did not engage in any illegal or unfair acts.
E) was no threat to industrial democracy.
Correct Answer
verified
Correct Answer
verified
A) marginal revenue curve.
B) average cost curve.
C) marginal cost curve.
D) average fixed cost curve.
Correct Answer
verified
Correct Answer
verified
A) a horizontal merger.
B) a vertical merger.
C) a conglomerate merger.
D) either a vertical or conglomerate merger depending on the nationality of the companies.
E) either a vertical or conglomerate merger depending on the market shares of the two companies.
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
Correct Answer
verified
A) utility.
B) oligopoly.
C) trust.
D) all of these.
Correct Answer
verified
Correct Answer
verified
A) not considered.
B) illegal if they could be show to lessen competition.
C) illegal under any circumstances.
D) legal if they could be shown to lessen competition.
Correct Answer
verified
Correct Answer
verified
A) a horizontal merger.
B) a vertical merger.
C) a conglomerate merger.
D) either a horizontal or conglomerate merger, depending on the nationality of the companies.
E) either a horizontal or conglomerate merger, depending on the market shares of the two companies.
Correct Answer
verified
Correct Answer
verified
A) The Sherman Antitrust Act.
B) The Federal Trade Commission Act.
C) The Robinson-Patman Act.
D) The Celler-Kefauver Act.
Correct Answer
verified
Correct Answer
verified
A) The Sherman Antitrust Act.
B) The Celler-Kefauver Act.
C) The Clayton Act.
D) The FTC Act.
E) The Herfindahl-Hirschman Act.
Correct Answer
verified
Correct Answer
verified
A) Always-monopoly is per se illegal under the rule of reason.
B) Only when the monopoly created negative externalities.
C) Only when the monopoly engaged in illegal business practices.
D) Only when the monopoly charged excessively high prices.
Correct Answer
verified
Correct Answer
verified
A) monopoly is the optimal market structure
B) the industry is highly competitive
C) the product is important to economic welfare
D) the government owns the assets of the industry
E) the product price, if left unregulated, would be too low
Correct Answer
verified
Correct Answer
verified
A) established in 1934 and reorganized in 1984.
B) established in 1938 and eliminated in 1984.
C) established in 1938 and reorganized in 1991.
D) never a regulatory agency.
Correct Answer
verified
Correct Answer
verified
A) horizontal.
B) vertical.
C) conglomerate.
D) illegal.
E) inefficient.
Correct Answer
verified
Correct Answer
verified
A) Sherman Antitrust Act.
B) Clayton Act.
C) Federal Trade Commission Act.
D) Robinson-Patman Act.
Correct Answer
verified
Correct Answer
verified
Showing 41 - 60 of 203
Related Exams