The merger of Chrysler and American Motors was a ____ merger.
A. horizontal
B. vertical
C. conglomerate
D. diversifying
A. horizontal
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Which of the following is a liability of a family?
A. Share of stock B. Unpaid credit card balance C. House D. Checking account balance
Evaluate the following statement. The Cournot model basically assumes that the sole decision of each firm in a duopoly is one of determining how much to produce not which price to set
What will be an ideal response?
Which of the following correctly comments on the following statement? "The only way to increase the revenue from selling a product is to increase the product's price."
A) This statement is not true. Revenue will increase as the price of the product increases only if demand is inelastic. B) It is not true. Revenue will increase as the price of the product increases only if demand is elastic. C) This statement is not true. Revenue will decrease as the price of the product increases because quantity demanded will fall. D) The statement is true.
A profit-maximizing monopolist operates where demand is: a. inelastic
b. unit elastic. c. elastic. d. infinitely elastic.