The government would challenge any merger in an industry if (i) the post-merger Herfindahl index would exceed 1,000, and (ii) the merger would increase the index by more than 100 points

Health insurance companies impose deductibles on policies and copayments on claims to

A) increase prices. B) increase sales. C) reduce the moral hazard problem. D) increase asymmetric information.

Economists at the Bureau of Economic Analysis are collecting data for the quarterly GDP reporting, which will indicate the health of the economy. The time the Federal Reserve must wait for economic data to be collected, processed, and reported is known as the:

a) information lag. b) recognition lag. c) decision lag. d) implementation lag.