Exam 20: Antitrust Policy and Regulation

Answer the question on the basis of the following table showing market shares of firms in hypothetical industries.Assume these are distinct industries with no buyer-seller relationships or competition among them. Market Share of Firms in Industry Industry Alpha Beta Cappa Delta 1 2 3 4 5 6 30 30 20 20 -- -- 80 10 5 3 1 1 25 25 25 25 -- -- 20 20 20 20 10 10 Refer to the table.A merger between Firm 1 in Alpha and Firm 2 in Delta would be a:

Suppose that two firms in an industry that has a Herfindahl index of 1,000 announce a merger.The U.S.Justice Department concludes the merger will boost the index to 1,050.The antitrust authorities will most likely:

Monopolization is illegal under Section 1 of the Sherman Act.

The government was successful in gaining an antitrust conviction in the:

Critics of the regulation of natural monopolies contend that:

Price-fixing is illegal under Section 1 of the Sherman Act.

Social regulation differs from industrial regulation in that:

Answer the question on the basis of the following table showing market shares of firms in hypothetical industries.Assume these are distinct industries with no buyer-seller relationships or competition among them. Market Share of Firms in Industry Industry Alpha Beta Cappa Delta 1 2 3 4 5 6 30 30 20 20 -- -- 80 10 5 3 1 1 25 25 25 25 -- -- 20 20 20 20 10 10 Refer to the table.A merger between Firm 2 and Firm 3 in Alpha would be a:

(Consider This)According to the Consider This box on catfish and art,which of the following airlines in 2007 agreed to pay $300 million in fines for fixing fuel surcharges on passenger tickets and cargo?

Proposed ergonomics regulations are an example of industrial regulation (rather than social regulation).

Which one of the following is concerned with industrial regulation,as distinct from social regulation?

The view that the antitrust laws should be enforced relatively leniently because of the tendency for monopoly power to erode over time is known as the:

The basic issue in the DuPont cellophane case was:

A merger between a maker of household detergents and a fast-food chain would be an example of:

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

(Last Word)In 2001,Microsoft was found guilty of violating:

A major criticism of industrial regulation is that:

Congressional representatives have called for extensive ergonomics regulations to reduce strains and injuries from repetitive activities by workers.Such regulation,if passed,would be a good example of:

The legal cartel theory of regulation argues that:

(Last Word)In 2001,a U.S.court of appeals tossed out an earlier U.S.district court order that Microsoft: