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:

Political Identity

The aspect of an individual's identity that relates to their political beliefs, party affiliation, or ideology, shaping their perspectives and participation in political processes.

Nullification Crisis

A United States political crisis in the early 1830s involving a confrontation between South Carolina and the federal government over the state's attempt to nullify a federal law.

Compromise Tariff

refers to the Tariff of 1833, which was enacted to resolve the Nullification Crisis between the federal government and South Carolina by gradually reducing import duties.

Dorr War

A short-lived armed insurrection in the U.S. during the early 1840s, led by Thomas Wilson Dorr, advocating for broader voting rights in Rhode Island.