Which of the Following Is True Regarding Laws and Practices

question 21

Multiple Choice

Which of the following is true regarding laws and practices of the European Union and its members?

• A) European antitrust regulators are often more sympathetic to competitors than are U.S. authorities.
• B) European antitrust regulators lack the authority to block mergers.
• C) European antitrust regulators have the authority to block only foreign mergers, not mergers of companies located within the European Union.
• D) It is expected that the impact of the European Union on corporate planning and strategy will become less, not more, evident in the future.

---

Definitions:

Marginal Revenue

The supplementary income received from the sale of an additional unit of a product or service.

Price

The money value projected, needed, or surrendered in purchase of something.

Imperfect Competition

A market structure that does not meet the conditions of perfect competition, characterized by firms having control over the price of their goods or services.