1.The purpose of antitrust policy is to promote ,
which leads to lower .
2. There are three types of antitrust policies: (1)
, (2)
, and (3)
.
3. In the Staples case discussed in this chapter, the data showed that competition with Office Depot led to prices
, suggesting that a merger would harm
.
4. In the Interstate Baking case discussed in this chapter, scanner data showed that the products of Interstate and Continental Baking were
, so a merger would lead to higher
.
5. Predatory pricing provides a practical and effective means of getting and keeping a monopoly
. (True/False)
6. The merger of companies with two of the top five brands of motor oil (Pennzoil and Quaker State) increased the price of one of the brands by roughly
(1, 5, 20, 50) percent. (Related to Application 3 on page 636.)
7. The FTC approved the merger of office-supply superstores Office Depot and OfficeMax in
. The merger that was unlikely to
competition in the retail office-supplies market. (Related to Application 4 on page 636.)