Beginning in 1965, the Head of the Antitrust Division of the U.S.Department

question 253

Multiple Choice

Beginning in 1965, the head of the Antitrust Division of the U.S.Department of Justice began to change antitrust policy.How did antitrust policy change?

• A)For the first time, horizontal mergers were allowed-with government approval-and vertical mergers were allowed without need for approval from the government.
• B)For the first time, concentration ratios were used to evaluate the degree of competition in the industries of firms that proposed mergers.
• C)The Division began to systematically consider the economic consequences of proposed mergers.
• D)Proposed mergers no longer needed the approval of the Federal Trade Commission or the court system.

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Definitions:

Cognitive Factors

Elements that influence the process of thinking, understanding, learning, and remembering.

Karen Horney

A German psychoanalyst known for her theories on neurotic personality development and the concept of basic anxiety.

Relationships

Bonds or connections between individuals, which can be emotional, romantic, professional, or social in nature.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.