Which of the following mergers would result from the purchase of a retail clothing chain by a computer software company?
a. A horizontal merger.
b. A vertical merger.
c. A conglomerate merger.
d. A monopoly merger.
c
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The Patient Protection and Affordable Care Act (ACA) is scheduled ________, at which point more than 30 million additional individuals are expected to have health care coverage
A) to be completely in place in 2016 B) to be phased out by 2015 C) to be phased in over the next 20 years D) to be fully implemented by 2019
Long-term strategies for LDCs to enhance their economic well-being have low opportunity costs
Indicate whether the statement is true or false
In a typical month, a family buys six bags of candy bars as snacks when the price of a bag costs $4.00. When the price of the candy bars falls to $3.00 a bag, the family buys seven bags of candy bars a month. When the price of a bag of candy bars rises
to $6.00, the family buys three bags a month. Answer these questions: (a) How did the fall in the price affect real income in terms of bags of candy bars? (b) How did the rise in the price affect real income in terms of bags of candy bars? [Hint: How many bags of candy bars could the family buy in situation (a) and in situation (b) without changing the amount they spend on candy bars in a typical month? Please provide the best answer for the statement.
Refer to the diagram. The budget line shift that moves the consumer's equilibrium from point A to point B suggests:
A. an increase in the demand for product X.
B. a decrease in the demand for product X.
C. no change in the demand for product X.
D. that X is an inferior good.