Imagine that there are currently three major cell phone service providers available in the United States. The largest one has enough money to
buy out the other two companies and make one giant company. What is MOST likely to happen if the largest company attempts to buy out the
other two companies?
ОА
The government will approve this monopoly.
ОВ.
Customers will have more choice in their service provider.
Ос.
The new, large company can control all prices and services provided.
OD.
OSHA will step in and make sure that this merger is not approved.

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.