Which of the following will the FTC probably support?
a. a merger that makes entering a market more difficult
b. a merger that lowers competition in an industry
c. a merger that leads to greater market concentration
d. a merger that leads to lower prices for consumers
Ans: d. a merger that leads to lower prices for consumers
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In a floating exchange rate system, an increase in the value of the exchange rate could be caused by
a. an increase in taxes. b. an decrease in government spending. c. a decrease in the domestic money supply. d. a decrease in exports.
A decrease in demand and an increase in supply results in a(n)
a. decrease in equilibrium price and an ambiguous effect on equilibrium quantity b. increase in equilibrium price and an ambiguous effect on equilibrium quantity c. ambiguous effect on equilibrium price and an increase in equilibrium quantity d. ambiguous effect on equilibrium price and an decrease in equilibrium quantity e. increase in equilibrium price and a decrease in equilibrium quantity