If Target were to merge with Wal-Mart, this would be referred to as a(n)
A. vertical merger.
B. anti-competitive merger.
C. horizontal merger.
D. conglomerate merger.
Answer: C
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A change that increases the expected profit from holding a unit of product in inventory, ________ the expected marginal revenue curve and shifts it to the ________.
A) increases; left B) decreases; left C) decreases; right D) increases; right
A consumer values a house at $525,000 and a producer values the same house at $485,000 . If the transaction is completed at $510,000 . the transaction will generate:
a. No surplus b. $25,000 worth of seller surplus and unknown amount of buyer surplus c. $15,000 worth of buyer surplus and $25,000 of seller surplus d. $25,000 worth of buyer surplus and unknown amount of seller surplus
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. M2 money supply to remain the same. b. M2 money supply to fall. c. M2 money multiplier to rise. d. Monetary base to fall.
If competition is viewed as a dynamic process, then firm size should not be a primary concern and antitrust policy should not necessarily aim at increasing the number of firms in an industry
Indicate whether the statement is true or false