Which of the Following Is a Positive,as Opposed to a Normative,statement

question 53

Multiple Choice

Which of the following is a positive,as opposed to a normative,statement?

• A)The US Department of Justice should allow a merger between AT&T and T-Mobile because it would have little effect on consumers.
• B)Antitrust laws should be used to prevent further concentration in the wireless telephone service market.
• C)The US Department of Justice sued AT&T to block its merger with T-Mobile.
• D)The wireless telephone service market is too highly concentrated.

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Definitions:

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

Shutdown Decisions

Decision-making processes within a company regarding when to cease operations temporarily or permanently due to various reasons, such as unprofitability.

Capital

Refers to financial assets or resources that businesses use to fund their operations and growth.

Sunk-cost Fallacy

The misconception of valuing continued investment in a project or decision based on the already incurred costs, irrespective of future benefits.