A horizontal merger is one in which the merging firms
a. are about the same size
b. produce the same good in the same industry
c. will control greater than 50 percent of the market
d. have never directly competed in the past
e. will double the concentration ratio in the industry
B
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Economy with no productivity growth is called the
A) zero-sum society. B) zero-growth society. C) export-led society. D) doomed-to-fail society.
The modern view of the Phillips curve suggests that:
a. when inflation is reduced, unemployment will fall below the natural rate. b. the Phillips curve is an unstable relationship. c. systematic demand stimulus policies will be unable to affect prices in the long run. d. there will be a trade-off between inflation and unemployment in the long run.
What are the determinants of elasticity of supply?
Ratio of the increase in ____ to increase in ____ is called the multiplier
Fill in the blank(s) with the appropriate word(s).