One Reason Fewer Antitrust Cases Have Been Brought Before the Courts

question 29

Multiple Choice

One reason fewer antitrust cases have been brought before the courts is:

• A) more and more firms are platform businesses.
• B) globalization has changed the competitive landscape.
• C) goods prices have declined.
• D) consumers have lost political power.

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Definitions:

Conditioned Response

A learned reaction to a previously neutral stimulus due to repeated association with an unconditioned stimulus.

Unconditioned Response

An automatic, natural reaction to a stimulus that occurs without prior conditioning.

Rescorla-Wagner

A model proposing that the strength of a conditioned response depends on the unexpectedness of the unconditioned stimulus.

Comparator Theory

The theory that the ability of a particular stimulus to elicit a conditioned response (CR) depends upon a comparison of the level of conditioning to that stimulus and to other stimuli paired with the unconditioned stimulus (UCS).