Evidence suggests that mergers and increased profitability do not necessarily go hand in hand

According to the textbook, demand and supply determine prices, and prices allocate scarce resources in the economy.

a. true b. false

Consumer equilibrium occurs where the budget line is tangent to the:

a. lowest possible indifference curve. b. highest possible indifference curve. c. utility maximizing indifference curve. d. utility equalization indifference curve.