A Merger Is Unlikely to Be Approved If

question 7

Multiple Choice

A merger is unlikely to be approved if

• A)there are fewer than 6 firms in a market.
• B)it prevents or substantially lessens competition.
• C)the good produced in the market has been deemed a necessity.
• D)the industry is government regulated.
• E)the merged firms economic profit increases.

---

Definitions:

Bias

A tendency to lean in a certain direction, often to the detriment of an open mind; in statistics, a systematic error introduced into sampling or testing.

Bipolar Disorder

A mood disorder in which the person alternates between the hopelessness and lethargy of depression and the overexcited state of mania. Formerly called manic-depressive disorder.

Anxiety Disorder

A category of mental health disorders characterized by significant and persistent fear, anxiety, or avoidance behaviors.

Lethargic Hopelessness

A state characterized by a lack of energy and a pervasive sense of despair or pessimism.