A merger between firms at different stages of production of a good
A) was made illegal by the Sherman Act. B) was made legal by the Clayton Act.
C) is a vertical merger. D) is a horizontal merger.
C
You might also like to view...
As the quantity of capital increases, the marginal product of capital
A) does not change. B) increases. C) decreases. D) may either increase or decrease.
Consumer surplus is
a. the difference between the price of the good and the cost to produce the good. b, the sum of what consumers are willing to pay and the price of the good. c. the difference between what consumers are willing to pay and the price of the good. d. the difference between the cost to produce the good and the amount consumers are willing to pay for the good.
Under a progressive tax system, the marginal tax rate could be equal to the average tax rate only when a taxpayer
a. has a very high income. b. has a very low income. c. is self-employed. d. invests in a retirement plan.
Based on this graph, which of the following are the key results of an expansionary monetary policy?
a. Price level increases; real gross domestic product increases; aggregate demand increases.
b. Price level decreases; real gross domestic product increases; aggregate demand increases.
c. Price level decreases; real gross domestic product decreases; aggregate demand increases.
d. Price level increases; real gross domestic product decreases; aggregate demand decreases.