In the Wall Street Journal article Whiting Petroleum Becomes First Major Shale Bankruptcy as Oil Prices Drop,
Question:
- a. The new price is above the minimum of the average total cost
- b. The new price is above the marginal revenue
- c. The new price represents a long-run equilibrium price level
- d. The new price is above the minimum of average variable cost
The article entitled “T-Mobile, Sprint Deal Wins Approval, Reshaping Industry” (published in the Wall Street Journal) reported that the Court approved the merger between T-Mobile and Spirit a decision supported by the U.S. Department of Justice. What best reflects the Court’s and the Department of Justice’s support of the merger
a. while the merger increased the Herfindahl-Hirschman-index number in the wireless market, the merger also increased the level of competition in the wireless market
b. while the merger increased the Herfindahl-Hirschman-index number in the wireless market, the likelihood of cartel like conduct (e.g., price fixing) by ATT, Verizon and the combined T-Mobile and Spirit increased
c. while the merger decreased the level of competition in the wireless market, it increased the relevant Herfindahl-Hirschman-index number (in the wireless market.)
d. while the merger decreased the Herfindahl-Hirschman-index number in the wireless market, the likelihood of cartel like conduct (e.g., price fixing) by ATT, Verizon and the combined T-Mobile and Spirit decreased
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso