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microchp15 - POP QUIZ WORKSHEET 4 CHAPTER 15 NAME COURSE 1...

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POP QUIZ WORKSHEET 4 : CHAPTER 15 NAME: __________________________________ COURSE: ________________________________ 1. The government’s use of the judgment by structure criterion: a. has always been favored over the judgment by performance criteria. b. means a firm is considered a monopoly if it charges excessive prices. c. means a firm is considered a monopoly if it controls a significant segment of the market. d. examines the behavior of firms in a market to determine if the market is competitive. 2. The government’s use of the judgment by performance criterion: a. advocates that competition is fragile and that there must be a large number of small firms selling in the market to ensure competition. b. is reflected by the idea that bigness of business does not necessarily imply the absence of market competition. c. is criticized because it is difficult to determine the relevant number of competitors (e.g., should a 2-digit or 4-digit code be used?). d. is the primary criterion governing U.S. antitrust policy since 1945.
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