If Apple, a company that produces smartphones, purchases a company that specializes in developing phone apps, we would have an example of
A) a horizontal merger.
B) a vertical merger.
C) a monopoly.
D) excessive product differentiation.
Answer: B
You might also like to view...
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Which of the following offers an example of frictional unemployment?
a. The rise in unemployment for stable workers after the development of gasoline-powered automobiles and the resulting long-tern decline in horse-and-buggy transportation. b. The rise in unemployment among farm workers after harvest. c. Unemployment resulting from the business cycle. d. None of the above are correct.
A price floor set below the equilibrium price causes quantity supplied to exceed quantity demanded
a. True b. False Indicate whether the statement is true or false
Where L represents labor and X represents output, MPL x PX is the value of labor's marginal product while the wage rate is the
A. marginal revenue of a unit of output. B. marginal cost of a unit of output. C. value of labor's marginal revenue. D. cost of a marginal unit of labor.