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:

Marginal Revenue Curve

Represents the additional income gained from selling one more unit of a product or service, crucial for determining optimal production levels in microeconomics.

Marginal Cost

The boost in aggregate costs that comes from generating one extra unit of a product or service.

Non-collusive Oligopolist

An oligopolistic market structure participant that competes without agreements or cooperation with rivals to influence market prices or output.