According to the Department of Justice merger guidelines, a proposed merger between two firms may be challenged if the post-merger Herfindahl-Hirschman Index
A) lies between 1,000 and 1,800 and the merger raises the Index by more than 100 points.
B) lies above 1,800 and the merger raises the Index by less than 50 points.
C) lies between 1,000 and 1,800 and the merger raises the Index by 50 points.
D) lies below 1,000 and the merger raises the Index by 100 points.
A
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As a firm hires more workers, holding capital and other factors constant, the marginal physical product of labor declines because
A) there are diseconomies of scale. B) less efficient workers are hired as the number of workers increase. C) workers don't perform well in teams. D) the amount of other inputs each worker has to work with declines as the number of workers increases.
Real GDP is a better gauge of economic well-being than is nominal GDP
a. True b. False Indicate whether the statement is true or false