Under a rule of reason approach, which of the following would be legal in the United States?
a. The merger of two small companies in an unconcentrated market.
b. Price fixing between IBM and Compaq.
c. The merger between Ford and General Motors.
d. Kellogg's and General Mills collude to drive Quaker Oats out of the business.
e. Exxon Oil and Mobil Oil elect the same person to their boards of directors.
Question 2
One problem with fiat money, as compared to commodity money, is that:
a. more resources are used to create fiat money.
b. there is frequently too little fiat money available.
c. there is a greater potential for inflation with fiat money.
d. fiat money must be turned in to the government to receive the commodity on which it is based.
e. fiat money is less divisible than commodity money.
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