The merger of two pizza restaurant chains would be an example of
A. a horizontal merger.
B. a conglomerate merger.
C. a vertical merger.
D. an independent merger.
Answer: A
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Deadweight loss is the decrease in ________ from producing an inefficient amount of a product
A) only consumer surplus B) only producer surplus C) consumer surplus and producer surplus D) profit
The Sarbanes-Oxley Act of 2002 requires that CEOs personally certify the accuracy of financial reports
Indicate whether the statement is true or false
You buy a bond for $1,000 from the federal government, which guarantees that you will receive $70 a year forever. Thus, 7 percent was the market rate of interest when you bought the bond. Suppose that immediately after you buy the bond, the market rate of interest goes to 10 percent. The market value of your bond
a. could be more or less than $1,000 b. will be less than $1,000 c. will be more than $1,000 d. will remain unchanged e. will be $1,000
Average total cost is
a. AFC + (TVC/Q) b. TC/Q Incorrect. Please review Top Ten Concept # 6. c. (TFC/Q) + (TVC/Q) d. AFC + AVC e. all of the above