A vertical merger occurs when:
A. the products of the merging firms were not related in any manner before the merger.
B. the merging partners were competitors before the merger.
C. one firm is a domestic firm, and the other is a foreign company.
D. the firms stood in a buyer-seller relationship before the merger.
Answer: D
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In the above figure, an unattainable point is
A) a. B) e. C) g. D) f.
An international comparison of eight major industrialized countries reveals the following about the components of GDP: ________
A) the U.S. has one of the largest shares of GDP going to investment B) the U.S. has one of the smallest government share of GDP C) the U.S. runs one of the largest trade deficits D) all of the above E) none of the above
If you believe that all workers should be paid the same, you believe in the
A) egalitarian principle. B) productivity standard. C) benefits standard. D) comparative worth principle.
What is a key criterion involved in deciding a natural monopoly?
A. Size of the firm relative to its competitors B. Size of the firm relative to the total market demand for a product C. Magnitude of profits generated by the company D. A firm’s ability to adapt to market changes