A merger between firms that are in the same industry is called a
A) conglomerate merger.
B) horizontal merger.
C) vertical merger.
D) none of the above.
Answer: B
Economics
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Economic profits and losses:
A. are both considered by economists to be a part of production costs. B. are essential to the reallocation of resources from less desired to more desired goods. C. have no influence on the composition of domestic output. D. equalize the distribution of income in the long run.
Economics
An decrease in demand is represented by a
A) shift of the demand curve to the left. B) shift of the demand curve to the right. C) movement down the demand curve. D) movement up the demand curve.
Economics