A horizontal merger is one in which the merging firms:
A. are about the same size.
B. produce the same good in the same industry.
C. will control greater than 50 percent of the market.
D. have never directly competed in the past.
Answer: B
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Explain how an economy can experience long-run economic growth and deflation at the same time
What will be an ideal response?
Urbanization is measured by:
A) the ratio of the population living in urban areas to the ratio of the people living in rural areas in a country. B) the fraction of the population living in towns with a population of more than 5,000. C) the fraction of the population living in towns with a population of more than 1,000. D) the ratio of the population living in rural areas to the ratio of the people living in urban areas in a country.
Which of the following would cause the real exchange rate of the U.S. dollar to appreciate?
a. the U.S. government budget deficit decreases b. capital flight from the U.S. c. the U.S. imposes import quotas d. None of the above is correct.
A. has a price elasticity coefficient greater than unity. B. has a price elasticity coefficient of unity throughout. C. graphs as a line parallel to the vertical axis. D. graphs as a line parallel to the horizontal axis
A. perfectly inelastic. B. perfectly elastic. C. relatively inelastic. D. relatively elastic.