1. If the largest four firms in an industry control less than half the market, their competitive concentration ratio
- Would be considered to be especially high
- Would not be considered particularly low
- Would be considered to be especially low
- Would not be considered particularly high
2.if the two smallest firms in a competitive market merged, the four-firm concentration ratio ________because________
- would not change; especially high concentration ratios can benefit consumers
- would not change; the degree of completion isn't notably demised
- would change; the degree of competition is notably demised
- would change; the largest firms high concentration ratio is demised
3.Which of the following typically leads to two formally separate firms being under common ownership?
- business mergers
- mergers and acquisitions
- Government regulation
- business acquisitions
4. Since the Margaret that cheer era of the 1970s many countries have sold off vast numbers of government-owned firms to
- increase output
- private ownership decrease
- regulation capture
- private monopolies
5. Antitrust regulations would most likely require one of the following in order to determine whether or not a merger may enhance competition. Which one is it?
- highly complex analytical tools
- obvious objective judgments
- readily qualified judgments
- analysis using numerical tools
6. There have been two especially important shifts in how markets are defined in recent decades one involves
- technology; globalization communication
- technologies; the internet
- the internet technology
- globalization; communication technologies
7. If the U.S. electricity and the telecommunications industry are deregulated, the challenge that will need to be met will involve
- Forcing on the grade of wires that bring electricity to all categories of consumers
- injecting competition into industries where the arguments for deregulation are not obvious
- plans for aiding the concealment of Enron-style antitrust activities.
- combining completion where possible with regulation where necessary