Which of the following statements is correct?
a. Two examples of early antitrust laws are the Clinton and Stigler Antitrust Acts.
b. Antitrust laws automatically prevent mergers between companies that produce similar products.
c. Antitrust laws reduce the government's power to regulate private companies.
d. Antitrust laws can reduce social welfare if they prevent mergers that would lower costs through more efficient joint production.
d
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During recessions, unemployment insurance payments tend to rise
a. True b. False Indicate whether the statement is true or false
Which of the following illustrates consumer surplus?
a. Jon and Gabi find the perfect apartment, but it is $100 per month over budget. b. When Amy shops for a new car, she finds dozens of options in her price range. c. Beck finds an online deal for a plane ticket to Miami that is $100 under his budget. d. Stores cannot stock enough round sunglasses after a celebrity promotes the style.