-Refer to Table 2-1

question 97

Multiple Choice

-Refer to Table 2-1. What is the opportunity cost to Toyland of increasing the production of toy cars from 100 to 200?

• A) 50 dolls
• B) 100 dolls
• C) 200 dolls
• D) 250 dolls

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Definitions:

Mergers

The combination of two or more companies into a single entity, with the goal of enhancing competitiveness or expanding market share.

Antitrust Laws

Regulations designed to promote competition and prevent monopolies and other forms of market domination that could be detrimental to consumer interests.

Department of Justice

The federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Federal Trade Commission

A federal agency established to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.