An antitrust agency is identifying the product market for Good X and determines that Good X and Good Y have a cross-price elasticity of 15.2. As a result of the cross-price elasticity, the antitrust agency is likely to ________ Good Y from Good X's product market as the products ________ compete as close substitutes.
A) exclude; do not
B) exclude; do
C) include; do not
D) include; do
D) include; do
Economics
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As a consumer eats additional pieces of pizza, total utility will _____
a. always keep increasing b. always keep decreasing c. keep increasing until dissatisfaction sets in d. keep decreasing until dissatisfaction sets in e. initially keep decreasing until it becomes zero and then increase
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Mortgages issued to borrowers whose credit histories include failures to make payments on bills are known as ________ mortgages
A) catastrophic B) variable rate C) subprime D) Alt-A
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