Joe's hotdog stand merges with a company that supplies the condiments to Joe's. This is an example of
A) conglomerate merger.
B) concentration ratio.
C) vertical merger.
D) horizontal merger.
C
You might also like to view...
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
A profit-maximizing monopoly produces a lower output level than would be produced if the
industry was perfectly competitive. Indicate whether the statement is true or false
Identify the factors that affect elasticity of demand
What will be an ideal response?
Refer to the above supply and demand graph. In the graph, point A is the current equilibrium level of output of this product and point B is the optimal level of output from society's perspective. S is the supply curve without a tax and St is the supply curve with a tax. One solution to this externality problem is to:
A. tax producers by the amount DE. B. give producers a subsidy of the amount AB. C. give consumers a subsidy of the amount FG. D. tax consumers by the amount EF.