An example of a horizontal merger would be a merger between firms
A) approximately the same size.
B) growing at approximately the same rate.
C) located in the same geographic area.
D) selling approximately the same products.
E) supplying one another with inputs.
D
You might also like to view...
Hotelling's model has been used to describe differentiation in the political "market." Suppose that 100 voters are evenly distributed between the extreme left and the extreme right on the political spectrum, and that all voters vote, and they always vote for the candidate closest to them on this spectrum. The numbers on this spectrum represent the number of voters lying to the left of the number. So, at the midpoint, fifty voters lie to the left and fifty to the right. At the extreme right end, all 100 voters lie to the left. 
If Candidate X is running against Candidate Z, by moving to the right Candidate X would:
A. force Z to move farther to the right in order to keep the same number of votes. B. not lose any votes from voters on the left and gain some votes from Z. C. lose some votes from voters on the far left but gain approximately the same number of votes from Z. D. win the election if the move placed X anywhere to the right of 25 on the spectrum.
Refer to Scenario 12.2. Suppose that the marginal cost falls such that:
MC = Q - 10 What is the profit maximizing level of output? A) 171.43 B) 120 C) 150 D) all of the above E) none of the above
Global budgets coupled with price ceilings can control total spending as long as
a. the price ceilings are negotiated in good faith. b. utilization of services does not increase significantly. c. providers cooperate by only providing "medically-necessary" services. d. patients are required to pay some of the expenses out-of-pocket. e. none of the above. Global budgets can never work to control spending.
Fiat money
a. can be exchanged for gold and silver. b. is found in gold certificates . c. is not acceptable in the U.S. d. is accepted on faith.