Antitrust risks from vertical integration are usually ______than those from horizontal integration
a. Higher
b. Lower
c. About the same as
d. None of the above
b
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Who was the author of the following prediction: in the absence of a system for enforcing order in society, life will be "solitary, poor, nasty, brutish, and short"?
A) Thomas Hobbes B) John Maynard Keynes C) Thomas Kuhn D) Jean-Jacques Rousseau E) Adam Smith
During a period of inflation, the Fed is likely to
a. sell government bonds to banks in order to reduce the amount of loanable funds in the market b. buy government bonds from banks in order to reduce the amount of loanable funds in the market c. raise taxes in order to reduce the money supply d. cut the legal reserve requirement in order to reduce the amount of excess reserves banks have to loan out e. cut the discount rate in order to increase the affordability of loanable funds