The joining of firms that are producing or selling a similar product is
A) competition by merger.
B) a vertical merger.
C) a horizontal merger.
D) a hostile takeover.
Answer: C
You might also like to view...
All of the following countries have been described as socialist economies, except
A. Norway. B. France. C. Sweden. D. The United States.
Natural gas would be considered a
A. limited natural resource. B. sequestered natural resource. C. renewable natural resource. D. sustainable natural resource.
It shows the aggregate demand and aggregate supply schedule for a hypothetical economy.
Refer to the table above. If the quantity of real domestic output demanded increased by $1000 at each price level, the new equilibrium price level and quantity of real domestic output would be:
A. 150 and $2500
B. 250 and $2500
C. 200 and $2000
D. 300 and $3000
Brazil should
A. specialize in the production of coffee and import hot dogs from Colombia.
B. specialize in the production of hot dogs and import coffee from Colombia.
C. import both coffee and hot dogs from Colombia.
D. not engage in trade with Colombia, but produce both coffee and hot dogs domestically.