A horizontal merger is one in which the merging firms:
a. are about the same size.
b. produce the same good in the same industry.
c. will control greater than 50 percent of the market.
d. have never directly competed in the past.
e. will pay twice as much in taxes.
b
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What are the most important characteristics that have shaped Brazil's economic and social progress during the last three decades?
What will be an ideal response?
The deadweight loss of a tariff
A) is a social loss because it promotes inefficient use of national resources. B) is a social loss because it reduces the revenue of the government. C) is not a social loss because it merely redistributes revenue from one sector to another. D) is not a social loss because it is paid for by rich corporations. E) is not a social loss because it aids domestic consumers.
The position of the long-run aggregate supply curve is determined by
A) the long-run aggregate demand curve. B) the production possibilities curve. C) the open economy effect. D) the interest rate effect.
Since all costs are positive, then economic profit would always be smaller than accounting profit.
Answer the following statement true (T) or false (F)