Consolidation in an industry can be a good thing if larger firms are more efficient at producing products at a lower price.
a. true
b. false
Ans: a. true
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Which of the following did not contributed to the overall decline in death rates in the United States since 1981?
A) the availability of new prescription drugs B) the decline in the population C) new surgical techniques D) a decline in smoking
Macroeconomics is concerned with the behavior of all of the firms in a particular industry, while microeconomics focuses on a single firm in the same industry
Indicate whether the statement is true or false
The individual pictured in Figure 5.2
A) must be risk-averse. B) must be risk-neutral. C) must be risk-loving. D) could be risk-averse, risk-neutral, or risk-loving. E) could be risk-averse or risk-loving, but not risk-neutral.
A financial intermediary accepts deposits from savers and makes loans to borrowers
a. True b. False Indicate whether the statement is true or false