A good example of _______ is the merger between a steel firm and an ice cream firm
a. a horizontal merger
b. a vertical merger
c. a conglomerate merger
d. either a horizontal or vertical merger, depending on whether the oligopoly is balanced or unbalanced
e. either a horizontal or vertical merger, depending on the market shares of the two companies
C
Economics
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If a substitute good is easy to find, then demand for a good is
A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic. E) Substitutes don't have any effect on elasticity.
Economics
Suppose the economy's production function is Y = AK0.3N0.7. Suppose K = 200, N = 2000, and A = 1. Calculate the marginal product of capital
A) 1.0 B) 1.5 C) 2.0 D) 2.5
Economics