Economists Played a Key Role in the Development of Merger

question 137

Multiple Choice

Economists played a key role in the development of merger guidelines by the Department of Justice and the Federal Trade Commission in 1982.These guidelines have three main parts.What are these parts?

• A)concentration ratios; the Herfindahl-Hirschman Index; market standards
• B)concentration standards; concentration ratios; competitive analysis
• C)economic analysis; political analysis; dynamic analysis
• D)market definition; measure of concentration; merger standards

---

Definitions:

Categorical Independent Variables

Variables that divide subjects into groups but do not allow for any kind of mathematical operation among groups.

Regression Model

The equation that describes how y is related to x and an error term; in simple linear regression, the regression model is y = b0 + b1x + e.

Adjusted Multiple Coefficient

A statistical measure adjusted for the number of variables in a model, used to assess the goodness-of-fit of a regression model.

Determination

The process of establishing something exactly, typically through calculation or research.