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Question 32 1 pts According to the Justice Department guidelines, mergers in an industry are seldom challenged if the industrQuestion 34 1 pts According to economic theory, market failure is a situation where O all of these O government interventionQuestion 40 1 pts The funds to pay for the local police are raised through taxation because O police protection is a basic neQuestion 42 1 pts In determining comparative advantage, cost is measured in terms of o domestic currency O foreign currency O

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Ans. 32. A Has pre merger HHI less than 1500 - This means that the market is Competitive.

34. A. All of these - all of them are correct.

40. A. Police protection is a basic necessity.

42. E. Opportunity cost - That's what is used while doing comparative advantage analysis.

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