Successful antitrust cases against monopoly have been rare in the last sixty years. Indicate whether the statement is true or false ANSWER T Since the Alcoa case in 1944, few successful attacks have been made against monopoly.
Date: September 9th, 2020
_____________ are the glue that holds any business together, refers to a series of events or activities that take place in a specific time and space, also applies to families with shared commitment over time. a. Metro neighbors b. Value chains c. Traditional tasks d. Triad aims ANSWER B
Date: September 9th, 2020
In the last 40 years, merger policy has become a major way for antitrust authorities to regulate market structure. Indicate whether the statement is true or false ANSWER T Issuance by the Department of Justice of merger guidelines in 1968, followed by passage of the Hart-Scott-Rodino Act of 1976 that required firms to notify […]
Date: September 9th, 2020
Predatory pricing can be avoided by requiring that firms not price below average variable cost. Indicate whether the statement is true or false ANSWER F Preventing predatory pricing is not so easy. Firms have excuses for lower prices, such as “learning by doing,” or selling now to win future (repeat) business, and defining average […]
Date: September 9th, 2020
Values can be classified in several ways according to the book, which one of these was not listed. a. Absolute and relative b. Intrinsic and extrinsic c. Traditional and prophetic d. Instrumental and terminal ANSWER C
Date: September 9th, 2020
“Price fixing” is always illegal. Indicate whether the statement is true or false ANSWER F This claim is almost true, but there are cases where what appeared to be price fixing was deemed socially desirable and was allowed.
Date: September 9th, 2020
___________ are repetitive, often unconscious, patterns of behavior. a. Goals b. Values c. Habits d. Attitudes ANSWER C
Date: September 9th, 2020
Goals have many attributes, which of the following is not a main characteristic or attribute? a. Intensity b. Complexity c. Priority d. Procrastination ANSWER D
Date: September 9th, 2020
Information exchanges operated by sellers are illegal. Indicate whether the statement is true or false ANSWER F They may be illegal, but they can follow rules that allow them to operate legally.
Date: September 9th, 2020
Division of customers by territory or customer type is illegal. Indicate whether the statement is true or false ANSWER T Sellers cannot confine sales to customers in a particular region, say a United States state, although they can locate sellers so they are separated from one another so their within-product competition is limited.
Date: September 9th, 2020
