When a proposed merger between two companies is reviewed by the government, the relevant market is defined by
A) how elastic the demand is for each firm's product.
B) how much advertising is done in the industry.
C) whether or not there are close substitutes for the products of the two firms.
D) counting the number of firms that produce the same product.
C
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The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from CDs when the sixth CD is purchased?
A) 40 units B) 30 units C) 15 units D) 5 units
Which statement is true?
A. There are no professions where women earn more than their male counterparts. B. In most occupations, women earn about the same as men. C. The wage gap between women and men has somewhat widened over the last 40 years. D. Today, the great divide between the haves and the have-nots is a college degree.