Suppose Ford, GM, and Dodge Make the Majority of Pick-Up

question 257

Multiple Choice

Suppose Ford, GM, and Dodge make the majority of pick-up trucks sold in the United States If they all sell for approximately the same price, and Ford offers a $2,000 rebate on new truck sales, what can Ford expect to see?

• A) an unprecedented increase in truck sales
• B) an immediate response by GM and Dodge
• C) a visit from the antitrust authorities of the government
• D) a revolution from Ford stockholders
• E) announcements by GM and Dodge that plans are underway to produce a much cheaper pick-up truck in six years

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