The Justice Department and the Federal Trade Commission are likely to oppose mergers
A. that seem likely to increase efficiency.
B. that create a larger firm with economies of scale in a contestable market.
C. which will help one of the merging firms out of financial difficulties.
D. which threaten to reduce competition.
Answer: D
Economics
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A) successful; protecting small investors B) successful; protecting large investors C) unsuccessful; protecting small investors D) unsuccessful; protecting large investors
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Money is legal tender if: a. people willingly accept it in payment of debts. b. it is backed by gold or silver
c. it is commodity money. d. the government says it is. e. it is in a bank account.
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