ECONOMICS TODAY: MICRO VIEW >CUSTOM<
19th Edition
ISBN: 9781323850817
Author: Miller
Publisher: PEARSON C
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Question
Chapter 27, Problem 22P
To determine
Whether the proposed merger of firms raise concerns of the U.S. Justice Department or Federal Trade Commission.
Concept Introduction
US Antitrust Laws: Also known as competition laws, the US anti-trust laws protect the consumers from unfair business practices and ensure fair competition in the open-market economy.
Federal Trade Commission: The FTC is the only federal agency that protects consumers and enjoys jurisdiction over a broad sector of the economy.
Herfindahl-Hirschman Index: It is a commonly used measure of concentration in an industry. It is measured by squaring the market share of each firm competing in the market and then summing them up.
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