The type(s) of merger(s) that directly increase(s) concentration in an industry is (are)
a. horizontal
b. vertical
c. conglomerate
d. both vertical and horizontal
e. both vertical and conglomerate
A
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Expansionary fiscal policy will
A) shift the aggregate demand curve to the left. B) shift the aggregate demand curve to the right. C) shift the short-run aggregate supply curve to the left. D) not shift the aggregate demand curve.
In the Stackelberg leadership model,
a. the leader earns a larger profit compared to the follower. b. the leader charges a higher price for its output compared to the follower. c. the follower produces a larger output compared to the leader. d. the follower charges a lower price for its output compared to the leader.
Holding all other things constant, when the price level falls, interest rates:
a. rise and firms want to borrow more for new plants and equipment and households want to borrow more for homebuilding. b. rise and firms want to borrow more for new plants and equipment and households want to borrow less for homebuilding. c. falls and firms want to borrow less for new plants and equipment and households want to borrow more for homebuilding. d. falls and firms want to borrow more for new plants and equipment and households want to borrow more for homebuilding.
Which of the following would be most likely to contribute to the breakdown of a cartel in a natural resource (e.g., bauxite) market?
a. high prices b. low price elasticity of demand c. high compatibility of member interests d. unequal member ownership of the natural resource