The Court will block proposed horizontal and vertical mergers when
a. there are many firms in the market
b. economies of scale exist
c. junk bonds are involved
d. the stock market is doing poorly
e. high market concentration already exists
E
Economics
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Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering raising prices, it can expect a relatively:
A) large decrease in quantity demanded. B) large decrease in demand. C) small decrease in quantity demanded. D) small decrease in demand.
Economics
If we moved from point T to point R we would be
A. giving up trips for more transplants.
B. giving up transplants for more trips.
C. gaining both trips and transplants.
D. losing both trips and transplants.
Economics