This guy is the senator mainly responsible for which of the following anti-trust acts? O Sherman Anti-Trust Act O Clayton Act O Federal Trade Commission Act O Cellars-Keafauver Act
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This guy is the senator mainly responsible for which of the following anti-trust acts? O Sherman Anti-Trust Act O Clayton Act O Federal Trade Commission Act O Cellars-Keafauver Act
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- Economics Which of the following is the most valid criticism of the regulation of natural monopolies and other firms subjeorfo regulation by regulatory commissions? Select one: O A. Such regulation is unnecessary and amounts to creeping socialiam. O B.Itis difficult to find enough honest people to serve on regulatory commissions O C. Many members of such commissions are appointed rather than being elected OD Regulated firms may have little incentive to contain costs since they are assured a fair return above costsWhat are the principles that guide the government's antitrust policy? (Select all that apply) O A. The protection of competition O B. The control of prices O C. The profitability of monopolies O D. Lower prices for consumersFor many years, the Justice Department has tried to break up large firms like IBM, Microsoft, and most recently Google, on the grounds that their large market share made them essentially monopolies. In a global market, where U.S. films compete with firms from other countries, would this policy make the same sense as it might in a purely domestic context?
- 4. Mergers and acquisitions are reviewed by the Federal Trade Commission because O A. they could reduce the profitability of the remaining firms in the market O B. they could increase economies of scale O C. the could reduce cost of production per unit O D. they could increase concentration and undermine competitionWhy is determining the condition for tax evasion at pure strategy Nash equilibrium and mixed strategy Nash equilibrium important for determining the tax fraud crackdown strategy of a tax agency? Pls explain in detail1.ALCOA does not have the monopoly power it oncehad. How do you suppose their barriers to entry wereweakened? 2.For many years, the Justice Department has triedto break up large firms like IBM, Microsoft, and mostrecently Google, on the grounds that their large marketshare made them essentially monopolies. In a globalmarket, where U.S. firms compete with firms from othercountries, would this policy make the same sense as itmight in a purely domestic context?
- To regulate natural monopolies, the governments can choose amongst the following options: Select all that apply O A. Set the price to equal Average total cost O B. Set the price to equal Marginal Cost O C. Break the monopolies into several smaller companies O D. Set the price to equal total cost RAZER F10 F8 F3 F4 F5 FI F2 44Select the one that business faces in various forms of regulation: a. Regulation of monopoly O b. Regulation of consumer relations O. Regulation of employee relations O d. All of the optionsFor example, the lower left cell of the matrix shows that if Full Coop advertises and Lucky Bird does not advertise, Full Coop will make a profit of $14 million, and Lucky Bird will make a profit of $3 million. Assume this is a simultaneous game and that Lucky Bird and Full Coop are both profit- maximizing firms. If Lucky Bird chooses to advertise, it will earn a profit of $ advertise. million if Full Coop advertises and a profit of $ million if Full Coop does not If Lucky Bird chooses not to advertise, it will earn a profit of $ not advertise. million if Full Coop advertises and a profit of $ million if Full Coop does S If Full Coop advertises, Lucky Bird makes a higher profit if it chooses If Full Coop doesn't advertise, Lucky Bird makes a higher profit if it chooses Suppose that both firms start off by deciding not to advertise. If the firms act independently, what strategies will they end up choosing? Both firms will choose not to advertise. O Lucky Bird will choose not to…
- The Competition Commission of Mauritius has been dealing with a number of cases of allegedexploitative monopoly behavior by firms in Mauritius. On the basis of relevant cases, analyse the viewthat although monopolies can be good, yet governments need to regulate them as they can often beevilish and they can affect the interest of consumers.The establishment of the Interstate Commerce Act and the Sherman Anti-trust Act showed that the government could pass laws to regulate the _____In the United States, antitrust laws O A. regard excess competition as a felony under Section 3 of the Sherman Act. O B. place a maximum limit of 125 firms that are allowed to compete in any market. O C. do not always prosecute firms if they have fixed their prices. D. do not allow one person to be a director of two competing firms if being a member "substantially lessens competition". E. break up a company if it is too large because "size itself is an offense."
