The USCongress Has Given Two Government Entities the Authority to Police

question 165

Multiple Choice

The U.S.Congress has given two government entities the authority to police mergers.These two entities are

• A)the antitrust division of the Department of State and the Securities and Exchange Commission.
• B)the Federal Trade Commission and the Internal Revenue Service.
• C)the Antitrust Division of the U.S. Department of Justice and the Council of Economic Advisors.
• D)the Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded by consumers at different prices.

Social Costs

The total cost to society, including both private costs incurred by firms and external costs to individuals not involved in a transaction.

Socially Optimal

A state in which resources are allocated in the most efficient way from a societal perspective, maximising collective welfare or benefit.