A merger of several firms operating in different industries—for example, a trucking company, a fast-food chain, and a brokerage house—is called:
A. an integrated merger.
B. a conglomerate merger.
C. a vertical merger.
D. a horizontal merger.
Answer: B
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Suppose a 10 percent increase in the price of textbooks decreases the quantity demanded by 20 percent. The elasticity of demand for textbooks is
A) 0.2. B) 2.0. C) 5.0. D) 10.0.
Sweep accounts which were created to avoid reserve requirements became possible because of a change in
A) deposit ceilings. B) technology. C) government rules. D) bank mergers.
By the end of the 19th century, bituminous coal still was the largest single source of mineral energy used in this country, despite the enormous increase in oil production and refining
Indicate whether the statement is true or false
In an unbalanced oligopoly,
a. one firm has significantly greater market power than any other in the industry b. only one firm exists in the industry c. the industry is rapidly converging into a monopolistically competitive industry d. all firms have near-equal market share e. the four-firm concentration ratio exceeds 100 percent