A merger between a leather supplier and a shoe manufacturer would be classified as a:
a. horizontal merger.
b. vertical merger.
c. conglomerate merger.
d. keiretsu.
b
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At a consumer optimum involving goods X and Y, the marginal utility of good X equals 5 utils. The price of good Y is three times the price of good X. What is the marginal utility of good Y?
A. 5. B. 3. C. 15. D. There is not enough information.
Every fiscal or monetary action will affect the distribution of output as well as its volume
Indicate whether the statement is true or false
The most likely substitute good for hot dogs would be:
A. ketchup. B. burgers. C. potato chips. D. a plate.
The change in consumption divided by a change in income is defined as:
a. the marginal propensity to consume. b. autonomous consumption. c. the consumption function. d. Keynes' absolute income hypothesis. e. transitory consumption.