Two firms producing identical products may merge due to the existence of:
A. economies of scale.
B. cost complementarities.
C. economies of scope.
D. All of the statements are correct.
Answer: A
You might also like to view...
If negative externalities are present in a market, ________
A) the price charged in the market is higher than the socially optimal price B) the quantity supplied in the market is larger than the socially optimal level C) the marginal social cost of production is lower than the marginal private cost D) the average cost of production exceeds the marginal cost of production at all output levels
One way to avoid the principal-agent problem would be to have:
A. the employer constantly monitor the employee's efforts. B. the employee sign a waiver of release. C. the employer share all management choices with employees before making decisions. D. the employee constantly monitor the employer's activities.
Pollution problems
A. have existed for many centuries. B. are attributable to modern industrialization. C. can be blamed on the profit system. D. have worsened in every respect in the past 40 years.
A worldwide slowdown in productivity growth occurred:
A. in the 1970s and 1980s. B. in the 1950s and 1960s. C. before 1950. D. in the 1960s and 1970s.