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Question : 38) Beginning in 1965, the head of the Antitrust Division : 1387925

Economics

 

 

38) 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.

 

 

39) 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

 

 

40) Merger guidelines developed by the U.S. Department of Justice and the Federal Trade Commission use the Herfindahl-Hirschman Index as a measure of concentration. This index measures concentration in an industry by

A) adding up the market shares of all firms in the industry, squaring this number and then dividing by the number of firms in the industry.

B) squaring the market shares of each firm in an industry and then adding up the values of the squares.

C) squaring the four-firm concentration ratio of the industry and dividing this number by the total number of firms in the industry.

D) determining the market shares of the four largest firms in the industry, but unlike the concentration ratio, the Index includes sales in the United States by foreign firms.

 

41) The Herfindahl-Hirschman Index is one factor used to determine whether a merger between two firms should be allowed. Which of the following statements regarding the value of the Index for a given industry is true?

A) If a merger would result in an Index value less than 1,000, the merger would not be challenged.

B) If a merger would result in an Index value of 1,000 or more, the industry would be considered a monopoly and the merger would be challenged.

C) If a merger resulted in an Index of between 1,000 and 1,800, the industry would be considered competitive and the merger would not be challenged.

D) If a merger would increase the Index by 100, the industry would be considered a monopoly and the merger would be challenged.

 

 

42) According to the Department of Justice merger guidelines, a proposed merger between two firms may be challenged if the post-merger Herfindahl-Hirschman Index

A) lies between 1,000 and 1,800 and the merger raises the Index by 50 points.

B) lies between 1,000 and 1,800 and the merger raises the Index by more than 100 points.

C) lies above 1,800 and the merger raises the Index by less than 50 points.

D) lies below 1,000 and the merger raises the Index by 100 points.

 

 

43) Consider an industry that is made up of six firms with the following market shares: Firm A – 50%, Firm B – 20%, Firms C and D – 10% each, and Firms E and F – 5% each. What is the value of the Herfindahl-Hirschman Index and how will the industry be categorized?

A) 2,500; mildly concentrated

B) 3,150; highly concentrated

C) 8,100; highly concentrated

D) 10,000; effectively competitive

 

44) If a firm is a natural monopoly, competition from other firms cannot be counted on to force price down to the level where the company earns zero economic profit. How are prices usually set in natural monopoly markets in the United States?

A) Each natural monopoly is made a public franchise. The public franchise is then required to set its price equal to its marginal cost.

B) Natural monopolies are privately owned, but prices proposed by the firms must be approved by the Antitrust Division of the Department of Justice.

C) Natural monopolies are privately owned and allowed to set their own prices. Government regulation of the firms would result in greater deadweight losses.

D) Local or state regulatory commissions usually set prices for natural monopolies.

 

 

Figure 15-16

 

 

Figure 15-16 shows the market demand and cost curves facing a natural monopoly.

 

45) Refer to Figure 15-16.  Suppose the government regulates this industry in order to remove the inefficiency implied by the behavior of the profit maximizing owners. If regulators require that the firm produces the economically efficient output level, what is this level and what price will be charged?

A) Q4 units; P4

B) Q1 units; P4

C) Q1 units; P1

D) Q3 units; P3

 

46) Refer to Figure 15-16.  Which of the following would be true if government regulators require the natural monopoly to produce at the economically efficient output level?

A) This results in a misallocation of resources.

B) The marginal cost of producing the last unit sold exceeds the marginal benefit.

C) The firm will sustain persistent losses and will not continue in business in the long run.

D) The firm will break even.

 

 

47) Refer to Figure 15-16.  If the regulators of the natural monopoly allow the owners of the firm to break even on their investment, the firm will produce an output of ________ and charge a price of ________.

A) Q1 units; P4

B) Q1 units; P1

C) Q5 units; P3

D) Q3 units; P3

 

 

 

 

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Discussion 2.1

In the article "Learning How to Code-Switch: Humbling, but Necessary," Eric Deggans describes his experiences with code switching. For your next discussion board, you should describe your own experiences switching between different audiences, cultures or social groups.  How does your language and behavior change depending on the people you are around?  Have you ever had an experience in which your failure to adapt to a new situation caused problems?  Do you have difficultly maintaining your own identity when you are required to code switch?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include at least 2 vocabulary words from this unit. Identify these these words using red text.

Vocabulary for Unit Two

These are the vocabulary words for Unit 2.  Remember to incorporate at least two words into your Discussion Board.  Identify the words by using red text.

Benevolent         Reclamation          Dubious           Fabricated

Hypocrisy            Slander                 Astute              Ambiguous

Apathetic             Arbitrary

 https://www.npr.org/sections/codeswitch/2013/04/10/176234171/learning-how-to-code-switch-humbling-but-necessary 

Discussion 3.1

After reading the items in the folder above related to Beyoncé, please respond to both parts below:

Part 1: When you first read Berlatsky's article, what was your reaction? Were you able to find his main argument? What aspects of his argument did you agree with or disagree with?

Part 2: After reading the two example essays, did your perspective about the article change? Did you see aspects of the article that you didn't notice before? Do you agree with the responses from either of the example essays?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include two vocabulary words highlighted in red.

Vocabulary for Unit 3

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Conviction          Impression          Misconception           Perspective

Profound            Inherent              Inveterate                  Amenable

Impinge              Subversion         Aesthetic

Instructions

Beyoncé is both celebrated and scrutinized for her artistic talents and for the way she presents herself to the world. The article that I've linked to below demonstrates some of these diverse viewpoints. Take some time to read the article carefully. As you read, look for the author's viewpoint, keeping in mind that he spends a great deal of time summarizing the viewpoints of others. In a way, the author, Noah Berlatsky, is writing a summary/response: first, he summarizes the viewpoints of Bill O'Reilly and bell hooks (who has intentionally changed her name so that the first letters are lowercase) and then he provides a response. Look for Berlatsky's response.

Beyonce: Sex Terrorist

Follow this link to Berlatsky's article. 

Berlatsky, Noah.  "Beyonce: Sex Terrorist: A Meance to Conservatives and Liberals Alike." The Atlantic. 12 May 2014. http://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/. 30 January 2017.

 https://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/ 

Reflection

Take a moment to reflect upon the article you've just read. What is Berlatsky's main argument? How does his argument compare to O'Reilly's and hooks's statements about Beyoncé? Do you agree or disagree with Berlatsky?

Examples

Attached Files:

Beyonce Student Example 2.docx - Alternative Formats (21.013 KB)

Beyonce Student Example 1.docx - Alternative Formats (19.234 KB)

Read the attached examples of students writing summary/response essays about Berlatsky's article. Once you've read the examples, go back to the lesson and complete the discussion board assignment. 

Discussion 4.1

For this discussion board, first choose an image from the "images" folder to respond to.  In your discussion board post, begin by describing the image you have chosen and explaining your initial reactions to the image.  From there, provide your reader with an analysis of the image, using terms introduced earlier in this unit: composition, context, content, framing, lighting, angle, intertextuality, focus,  etc.  Be sure to begin your response by identifying which image you have chosen.

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each.

As always,  be sure to use two vocabulary words from the unit.

Vocabulary for Unit 4

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Inconsequential      Superficial         Tenuous      Trivial

Compelling             Obstinate         Tenacity       Consensus

Derived                   Acquired

Discussion 5.1

You should have already chosen a topic for your final essay.  Now, you need to explore the multiple viewpoints associated with that topic. Go to the discussion board and write a brief essay (300 words minimum) summarizing some of the multiple viewpoints associated with that topic (for and against, pro and con).  At the end of your essay, present your own opinion on the topic in the form of a thesis statement or arguable claim.  Refer to the previous video lesson on constructing an arguable thesis to help you.

As you respond to your peers (2 replies, 100 words each), try to fill in any gaps you see in their understanding of the pros and cons of the issue.  In addition, evaluate the thesis statement.  Does it make a limited and arguable claim about the topic or issue?  If not, suggest ways to improve the thesis.

Vocabulary for Unit Five

These are the vocabulary words for Unit 5.  Remember to incorporate them into your Discussion Board in this unit.

Plausible       Objectivity       Substantiated

Integrity         Effusive          Superfluous

Sanction       Fabricated      Ambiguous

Ambivalent

default image
July 1, 2023
    

Discussion 2.1

In the article "Learning How to Code-Switch: Humbling, but Necessary," Eric Deggans describes his experiences with code switching. For your next discussion board, you should describe your own experiences switching between different audiences, cultures or social groups.  How does your language and behavior change depending on the people you are around?  Have you ever had an experience in which your failure to adapt to a new situation caused problems?  Do you have difficultly maintaining your own identity when you are required to code switch?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include at least 2 vocabulary words from this unit. Identify these these words using red text.

Vocabulary for Unit Two

These are the vocabulary words for Unit 2.  Remember to incorporate at least two words into your Discussion Board.  Identify the words by using red text.

Benevolent         Reclamation          Dubious           Fabricated

Hypocrisy            Slander                 Astute              Ambiguous

Apathetic             Arbitrary

 https://www.npr.org/sections/codeswitch/2013/04/10/176234171/learning-how-to-code-switch-humbling-but-necessary 

Discussion 3.1

After reading the items in the folder above related to Beyoncé, please respond to both parts below:

Part 1: When you first read Berlatsky's article, what was your reaction? Were you able to find his main argument? What aspects of his argument did you agree with or disagree with?

Part 2: After reading the two example essays, did your perspective about the article change? Did you see aspects of the article that you didn't notice before? Do you agree with the responses from either of the example essays?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include two vocabulary words highlighted in red.

Vocabulary for Unit 3

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Conviction          Impression          Misconception           Perspective

Profound            Inherent              Inveterate                  Amenable

Impinge              Subversion         Aesthetic

Instructions

Beyoncé is both celebrated and scrutinized for her artistic talents and for the way she presents herself to the world. The article that I've linked to below demonstrates some of these diverse viewpoints. Take some time to read the article carefully. As you read, look for the author's viewpoint, keeping in mind that he spends a great deal of time summarizing the viewpoints of others. In a way, the author, Noah Berlatsky, is writing a summary/response: first, he summarizes the viewpoints of Bill O'Reilly and bell hooks (who has intentionally changed her name so that the first letters are lowercase) and then he provides a response. Look for Berlatsky's response.

Beyonce: Sex Terrorist

Follow this link to Berlatsky's article. 

Berlatsky, Noah.  "Beyonce: Sex Terrorist: A Meance to Conservatives and Liberals Alike." The Atlantic. 12 May 2014. http://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/. 30 January 2017.

 https://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/ 

Reflection

Take a moment to reflect upon the article you've just read. What is Berlatsky's main argument? How does his argument compare to O'Reilly's and hooks's statements about Beyoncé? Do you agree or disagree with Berlatsky?

Examples

Attached Files:

Beyonce Student Example 2.docx - Alternative Formats (21.013 KB)

Beyonce Student Example 1.docx - Alternative Formats (19.234 KB)

Read the attached examples of students writing summary/response essays about Berlatsky's article. Once you've read the examples, go back to the lesson and complete the discussion board assignment. 

Discussion 4.1

For this discussion board, first choose an image from the "images" folder to respond to.  In your discussion board post, begin by describing the image you have chosen and explaining your initial reactions to the image.  From there, provide your reader with an analysis of the image, using terms introduced earlier in this unit: composition, context, content, framing, lighting, angle, intertextuality, focus,  etc.  Be sure to begin your response by identifying which image you have chosen.

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each.

As always,  be sure to use two vocabulary words from the unit.

Vocabulary for Unit 4

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Inconsequential      Superficial         Tenuous      Trivial

Compelling             Obstinate         Tenacity       Consensus

Derived                   Acquired

Discussion 5.1

You should have already chosen a topic for your final essay.  Now, you need to explore the multiple viewpoints associated with that topic. Go to the discussion board and write a brief essay (300 words minimum) summarizing some of the multiple viewpoints associated with that topic (for and against, pro and con).  At the end of your essay, present your own opinion on the topic in the form of a thesis statement or arguable claim.  Refer to the previous video lesson on constructing an arguable thesis to help you.

As you respond to your peers (2 replies, 100 words each), try to fill in any gaps you see in their understanding of the pros and cons of the issue.  In addition, evaluate the thesis statement.  Does it make a limited and arguable claim about the topic or issue?  If not, suggest ways to improve the thesis.

Vocabulary for Unit Five

These are the vocabulary words for Unit 5.  Remember to incorporate them into your Discussion Board in this unit.

Plausible       Objectivity       Substantiated

Integrity         Effusive          Superfluous

Sanction       Fabricated      Ambiguous

Ambivalent

default image
July 1, 2023
    

Discussion 2.1

In the article "Learning How to Code-Switch: Humbling, but Necessary," Eric Deggans describes his experiences with code switching. For your next discussion board, you should describe your own experiences switching between different audiences, cultures or social groups.  How does your language and behavior change depending on the people you are around?  Have you ever had an experience in which your failure to adapt to a new situation caused problems?  Do you have difficultly maintaining your own identity when you are required to code switch?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include at least 2 vocabulary words from this unit. Identify these these words using red text.

Vocabulary for Unit Two

These are the vocabulary words for Unit 2.  Remember to incorporate at least two words into your Discussion Board.  Identify the words by using red text.

Benevolent         Reclamation          Dubious           Fabricated

Hypocrisy            Slander                 Astute              Ambiguous

Apathetic             Arbitrary

 https://www.npr.org/sections/codeswitch/2013/04/10/176234171/learning-how-to-code-switch-humbling-but-necessary 

Discussion 3.1

After reading the items in the folder above related to Beyoncé, please respond to both parts below:

Part 1: When you first read Berlatsky's article, what was your reaction? Were you able to find his main argument? What aspects of his argument did you agree with or disagree with?

Part 2: After reading the two example essays, did your perspective about the article change? Did you see aspects of the article that you didn't notice before? Do you agree with the responses from either of the example essays?

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each. Be sure to include two vocabulary words highlighted in red.

Vocabulary for Unit 3

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Conviction          Impression          Misconception           Perspective

Profound            Inherent              Inveterate                  Amenable

Impinge              Subversion         Aesthetic

Instructions

Beyoncé is both celebrated and scrutinized for her artistic talents and for the way she presents herself to the world. The article that I've linked to below demonstrates some of these diverse viewpoints. Take some time to read the article carefully. As you read, look for the author's viewpoint, keeping in mind that he spends a great deal of time summarizing the viewpoints of others. In a way, the author, Noah Berlatsky, is writing a summary/response: first, he summarizes the viewpoints of Bill O'Reilly and bell hooks (who has intentionally changed her name so that the first letters are lowercase) and then he provides a response. Look for Berlatsky's response.

Beyonce: Sex Terrorist

Follow this link to Berlatsky's article. 

Berlatsky, Noah.  "Beyonce: Sex Terrorist: A Meance to Conservatives and Liberals Alike." The Atlantic. 12 May 2014. http://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/. 30 January 2017.

 https://www.theatlantic.com/entertainment/archive/2014/05/beyonce-sex-terrorist-a-menace-for-conservatives-and-liberals-alike/362085/ 

Reflection

Take a moment to reflect upon the article you've just read. What is Berlatsky's main argument? How does his argument compare to O'Reilly's and hooks's statements about Beyoncé? Do you agree or disagree with Berlatsky?

Examples

Attached Files:

Beyonce Student Example 2.docx - Alternative Formats (21.013 KB)

Beyonce Student Example 1.docx - Alternative Formats (19.234 KB)

Read the attached examples of students writing summary/response essays about Berlatsky's article. Once you've read the examples, go back to the lesson and complete the discussion board assignment. 

Discussion 4.1

For this discussion board, first choose an image from the "images" folder to respond to.  In your discussion board post, begin by describing the image you have chosen and explaining your initial reactions to the image.  From there, provide your reader with an analysis of the image, using terms introduced earlier in this unit: composition, context, content, framing, lighting, angle, intertextuality, focus,  etc.  Be sure to begin your response by identifying which image you have chosen.

Complete this discussion board with one initial response of at least 300 words and two replies of at least 100 words each.

As always,  be sure to use two vocabulary words from the unit.

Vocabulary for Unit 4

These are the vocabulary words for this unit.  Remember to incorporate them into your Discussion Board in this unit.

Inconsequential      Superficial         Tenuous      Trivial

Compelling             Obstinate         Tenacity       Consensus

Derived                   Acquired

Discussion 5.1

You should have already chosen a topic for your final essay.  Now, you need to explore the multiple viewpoints associated with that topic. Go to the discussion board and write a brief essay (300 words minimum) summarizing some of the multiple viewpoints associated with that topic (for and against, pro and con).  At the end of your essay, present your own opinion on the topic in the form of a thesis statement or arguable claim.  Refer to the previous video lesson on constructing an arguable thesis to help you.

As you respond to your peers (2 replies, 100 words each), try to fill in any gaps you see in their understanding of the pros and cons of the issue.  In addition, evaluate the thesis statement.  Does it make a limited and arguable claim about the topic or issue?  If not, suggest ways to improve the thesis.

Vocabulary for Unit Five

These are the vocabulary words for Unit 5.  Remember to incorporate them into your Discussion Board in this unit.

Plausible       Objectivity       Substantiated

Integrity         Effusive          Superfluous

Sanction       Fabricated      Ambiguous

Ambivalent

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Journal article, 20 pages
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August 5, 2021
    

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Political Science, 6 pages
Admission Essay
August 5, 2021
    

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Tourism, 1 page
Discussion Essay
August 5, 2021
    

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Philosophy, 5 pages
Report
August 5, 2021
    

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Psychology, 4 pages
Essay (any type)
August 5, 2021
    

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customer #17823
Business, 8 pages

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

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Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

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Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

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Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

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Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

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