The Hart-Scott-Rodino Antitrust Improvements Act Requires

question 142

Multiple Choice

The Hart-Scott-Rodino Antitrust Improvements Act requires:

• A) firms to notify the Antitrust Division of the Department of Justice or the Federal Trade Commission at least 6 months before a planned merger, if there is more than $50 million involved
• B) firms to notify the Antitrust Division of the Department of Justice or the Federal Trade Commission at least one month before a planned merger, if there is less than $50 million involved
• C) firms to notify the Secretary of State at least one month before a planned merger, if there is more than $50 million involved
• D) firms to notify Congress at least one month before a planned merger, if there is more than $50 million involved
• E) none of the other choices are correct

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Definitions:

Indifference Curves

Graphical representations in microeconomics illustrating combinations of goods between which a consumer is indifferent.

Bundles

Groups of goods or services sold together as a single package.

Strong Axiom

A stringent condition in economics that, when applied, implies a level of consistency in consumer choice behavior beyond what is required by weaker axioms.

Revealed Preference

A theory suggesting consumers' preferences can be inferred from their purchasing habits.