Two businesses coming together to form a single company is known as? a(n) __________.
A. hostile takeover
B. acquisition
C. leveraged buyout
D. joint venture
E. merger
E. merger
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In the figure above, if the government provides a subsidy to colleges of $6,000 per student per year, how many students will be accepted?
A) 8 million per year B) 12 million per year C) 10 million per year D) 16 million per year
Which macroeconomic model dominated macroeconomic analysis from the early post-World War II era until the late 1960s?
a. The monetarist model b. The Keynesian model c. The classical model d. The new classical model e. None of the above
Economists believe that oligopolists like American Airlines and the Kellogg Company:
a. make price and output decisions without regard to what their competitors might do b. have no perceptible influence on the market price, but choose output where marginal revenue equals the marginal cost of production. c. carefully watch and anticipate the moves of their competitors. d. have no control over market but produce output to the point where demand equal marginal cost.
How does a laissez-faire economy decide which consumer gets each of the goods that has been produced?
What will be an ideal response?