A merger between firms that compete in the same market is called a:
A. horizontal merger.
B. vertical merger.
C. conglomerate merger.
D. monopoly.
Answer: A
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Referring to the table above, if consumption in period one is $20,000, then consumption in period two cannot be greater than ________
A) $52,800 B) $50,400 C) $49,600 D) $50,000
If the cross price elasticity between Goods A and B equals -1.3, then a reduction in the price of Good B will:
a. increase the demand for Good A and increase Good A's price as a result. b. increase the demand for Good A and decrease Good A's price as a result. c. decrease the demand for Good A and increase Good A's price as a result. d. decrease the demand for Good A and decrease Good A's price as a result.
If your retirement income from your employer's retirement plan depends on the performance of the pre-tax investments that you and your employer have made over time, then your employer's plan is a
A. defined benefit plan. B. calculated retirement plan. C. Social Security plan. D. defined contribution plan.
The marginal cost curve crosses the:
A) average variable and average fixed cost curves at their highest points. B) average variable and average total cost curves at their lowest points. C) average variable and average total cost curves at their highest points. D) average variable cost curve at its lowest point.