The recent merger of Southwest Bell (SBC) and AT&T companies is an example of a
A) horizontal merger.
B) vertical merger.
C) consolidation merger.
D) cooperative merger.
Answer: A) horizontal merger.
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People know that the inflation rate will increase from 3 percent to 5 percent. As a result
A) the nominal interest rate falls by 2 percentage points. B) the nominal interest rate is constant. C) the nominal interest rate rises by 2 percentage points. D) the real interest rate rises by 2 percentage points.
What are the characteristics of an oligopoly?
What will be an ideal response?
Total utility is maximized when
A. Marginal utility is zero. B. Price is equal to marginal utility. C. Price is less than marginal utility. D. Marginal utility is maximized.
Refer to Exhibit 2-8. Who has the comparative advantage in the production of good X?
