Jacob' sandwich stand merges with a company that supplies the condiments to Jacob. This is an example of
A. concentration ratio.
B. conglomerate merger.
C. vertical merger.
D. horizontal merger.
Answer: C
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If a monopolist faces entry by a potential rival, investing to lower its marginal cost
A) is a credible way to deter entry. B) is not a credible threat. C) is credible but will not deter entry. D) will not occur, even when there are no barriers to entry.
What are the different types of trade barriers? What are the arguments for trade barriers? What are the consequences of trade barriers?
If the quantity of euro demanded were greater than the quantity supplied, then the price of the
a. euro would rise. b. euro would fall. c. dollar would rise. d. euro would be in equilibrium.
Defining the "relevant market" involves looking at two components. They are
A. the goods market and the services market. B. the competitive market and the dominant market. C. the local market and the national market. D. the geographic market and the product market.