After firm A producing one good acquired another firm B producing another good, it lowered the prices for the bundle of goods. One can conclude that the goods were

a. substitutes
b. complements
c. not related
d. None of the above

b

Economics

You might also like to view...

A rising inflation rate tends to help the following types of people:

A) retirees and students with savings accounts. B) borrowers and homeowners without mortgages. C) homeowners with mortgages and students with loans. D) landowners and borrowers.

Economics

Chain-weighted GDP deflator inflation differs from GDP deflation inflation because:

a. it uses different goods in its calculation. b. it uses two different base years to get the quantities used to calculate the index. c. it uses a constant set of prices every year. d. it uses two different base years to get the prices used to calculate the index.

Economics