1. If the largest four firms in an industry control less than half the market, their competitive concentration ratio

a) Would be considered to be especially low

b) Would not be considered particularly high

c) Would be considered to be especially high

d) Would not be considered particularly low

2. if the two smallest firms in a competitive market merged, the four-firm concentration ratio ________because________

a) would change; the degree of competition is notably demised

b) would change; the largest firms high concentration ratio is demised

c) would not change; especially high concentration ratios can benefit consumers

d) would not change; the degree of completion isnt notably demised

3. which of the following typically leads to two formally separate firms being under common ownership?

a) government regulation

b) business acquisitions

c) business mergers

d) mergers and acquisitions

4. Since the Margaret Thatcher era of the 1970s many countries have sold off vast numbers of government-owned firms to

a) decrease regulation capture

b) private monopolies

c) increase output

d) private ownership

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?

a) readily qualified judgments

b) analysis using numerical tools

c) highly complex analytical tools

d) obvious objective judgements

6. There have been two especially important shifts in how markets are defined in recent decades one involves

a) communication technologies; the internet

b) the internet technology

c) technology; globalization

d) 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

a) injecting competition into industries where the arguments for deregulation are not obvious

b) plans for aiding the concealment of Enron-style antitrust activites.

c) forcing on the grade of wires that bring electricity to all categories of consumers

d) combining completion where possible with regulation where necessary