The USGovernment Would Never Approve a Proposed Merger Between Two Firms

question 267

True/False

The U.S.government would never approve a proposed merger between two firms that could significantly increase the newly merged firm's market power even if the efficiency gains from the newly merged firm could make consumers better off.

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Definitions:

Robert Mugabe

A Zimbabwean revolutionary and politician who served as Prime Minister from 1980 to 1987 and then as President from 1987 to 2017.

Henry Ford

An American industrialist and founder of the Ford Motor Company, who revolutionized factory production with his assembly-line methods.

Max Ringelmann

A French agricultural engineer who discovered the Ringelmann effect, noting that individual productivity decreases as the size of a group increases.

Highly Assertive

Characterized by confident and forceful behavior or attitudes, especially in stating one's opinions or claiming one's rights.