The joining of two or more firms competing in the same market with the same good or service:
a. Stockholm enterprise
b. partnership
c. vertical merger
d. horizontal merger
e. Pineapple Ring
Answer: d. horizontal merger
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Fluctuating interest rates tend to stabilize real output when the
A) IS curve is flat. B) IS curve is steep. C) LM curve is flat. D) LM curve is steep.
What is the marginal cost of the 5th unit?
a. $100 b. $105 c. $110 d. $115
Which of the following examples is experiencing diseconomies of scale?
a. As the Chewy sandwich chain expanded, it received volume discounts on meats, produce, paper products, and other items. b. As the Polaris marketing firm expanded overseas, the difficulty of managing the enterprise across several languages and time zones led to higher average costs. c. Costs at Patel Accounting LLC are steady regardless of how many clients the firm has. d. Northside Rehabilitation was able to cut costs while expanding by having its staff specialize in different treatment methods.
The labor force participation rate equals the
A) (number of employed divided by the labor force) × 100. B) (labor force divided by the number of people not in the labor force) × 100. C) (labor force divided by working-age population) × 100. D) (labor force divided by the total population) × 100.