If a retail food chain merged with a meat packing company, this would be an example of a
A) horizontal merger.
B) conglomerate merger.
C) vertical merger.
D) diagonal merger.
Answer: C
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Research shows that prices tend to remain sticky for a longer period of time
A) in the manufacturing sector than in the service sector. B) in the service sector than in the manufacturing sector. C) in Western Europe than in the United States. D) in the United States than in Western Europe.
When an industry is characterized by technology spillover, what should the government do to ensure that the market equilibrium equals the socially optimal equilibrium?
a. Impose a tax greater than the value of the technology spillover. b. Not allow production of any product that causes a technology spillover. c. Provide a subsidy equal to the value of the technology spillover. d. Require producers to "clean up" any spillover that results from their production process.
A major problem under the gold standard was the inability to adjust the money supply to economic expansion
a. true b. false
Refer to the information provided in Figure 13.11 below to answer the question(s) that follow.
Figure 13.11Refer to Figure 13.11. Suppose a monopolist faces the demand and costs in the figure and is able to perfectly price discriminate. If the monopoly supplies 400 widgets, it will
A. maximize profits. B. suffer an economic loss. C. earn a profit, but less than it would earn if it produced 500 widgets. D. break even.