A merger will be challenged by the FTC in a market where the Herfindahl-Hirschman Index (HHI) is ________, and the merger would increase it to ________

A) 2,900; 3,100.
B) 1,700; 1,760
C) 800; 950
D) 2,000; 2,040

A

Economics

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While falling prey to the seductive ways of Catwoman, Batman sacrifices the opportunity of protecting Gotham City from a crime spree initiated by the Joker. That foregone opportunity is a(n) ________ cost of (yet again) falling prey to Catwoman

A) monetary B) explicit C) sunk D) implicit

Economics

A person is given the opportunity to volunteer at a local food bank. They consider the other things they could do at that time, such as cleaning and watching TV. They know that the work that they do could really benefit people at the food bank, whereas the other activities only benefit themselves. They decide that the service is the best decision for them. What type of ethical theory does their though process and decision follow?

a. rule utilitarianism b. act utilitarianism c. deontological theory d. ethical egoism

Economics