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:

ADH

Antidiuretic hormone (ADH), also known as vasopressin, regulates water balance in the body by reducing urine production.

Hypersecretion

A condition where glands produce an excessive amount of a substance, often leading to various disorders.

Metabolic Rate

Metabolic rate is the rate at which the body uses energy to maintain basic bodily functions when at rest, known as the basal metabolic rate (BMR).

Exophthalmos

A condition characterized by the bulging of the eyes out of the orbit, often associated with thyroid disease, particularly Grave's disease.