A vertical merger occurs when:
a. the products of the merging firms were not related in any manner before the merger.
b. one firm is a producer of products, and the other firm is a producer of services.
c. one firm is a domestic firm, and the other is a foreign company.
d. the firms stood in a buyer-seller relationship before the merger.
e. the merger partners were competitors.
d
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Refer to the above table. Given the demand and cost schedules, what are the maximized economic profits for this monopolist?
A) $122 B) $152 C) $220 D) $150
When a resource price is below equilibrium,
a. excess supply will be present. b. excess demand will be present. c. the supply of the resource will be inelastic. d. the demand for the resource will be inelastic.
In general, a nation can enjoy a higher standard of living by ________ than by being self sufficient.
A. specialization and trading B. avoiding trade with other nations C. increasing its versatility D. taxing imported goods
The nominal exchange rate:
A. is the price of one country's currency stated in units of another country's currency. B. is adjusted once a year and is the price at which goods are traded. C. is the price of a good in one country expressed in units of the same good in another country. D. is fixed by the central banks of countries.