Exam 21: Antitrust Policy and Regulation

A conglomerate merger is a merger between firms at different stages of the production process of a product, such as a merger between a flour milling company and a baking company.

A merger between an automobile manufacturer and a maker of automobile tires is an example of a

Which of the following gave the Federal Trade Commission and the U.S. Justice Department the responsibility to enforce antitrust laws?

The optimal amount of social regulation occurs where the marginal benefit of such regulation

Social regulation

The Occupational Safety and Health Administration is mainly involved in

Which of the following is a per se violation?

Government regulation concerning the conditions under which goods are produced, the impact of production on society, and the physical qualities of the goods is known as

Interlocking directorates are

A merger of several firms operating in different industries-for example, a trucking company, a fast-food chain, and a brokerage house-is called

The general conclusion of most economists about deregulation of previously regulated industries in the United States is that it resulted in

The government and courts have not been consistent in interpreting and enforcing antitrust laws over the years.

Which one of the following is not correct?

Which of the following is characteristic of a regulated natural monopoly?

Which business practice is rarely challenged by the government under antitrust laws?

Which of the following made monopoly and restraints of trade criminal offenses against the federal government?

Restructuring of a major industry resulted from the

The cornerstone of antitrust legislation in the U.S. is the

Differences in the application of antitrust laws are in part rooted on the issue of how broadly antitrust authorities should define the relevant

Most economists agree that deregulation in the 1970s and 1980s greatly benefited consumers in all of the following industries except