71. In 1984, the Justice Department announced that any industry with a Herfindah

Question

71. In 1984, the Justice Department announced that any industry with a Herfindahl-Hirschman Index under _______ would be considered to be unconcentrated.
A) 1,000
B) 4,000
C) 8,000
D) 10,000

72. Justice Department guidelines issued in 1984 and 1992 stipulate that proposed mergers that result in a postmerger HHI between 1,000 and 1,800 will be challenged if they increase the HHI by more than _______ points.
A) 100
B) 75
C) 50
D) 25

73. The government is most likely to challenge a merger that:
A) is of the vertical type.
B) is of the conglomerate type.
C) results in a substantial lessening of competition, regardless of its type.
D) results in any lessening of competition.

Explanation / Answer

A) 1,000 A) 100 A) is of the vertical type.

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