If the government grants patents to three different firms that produce a drug for diabetes, then the three firms may lead to the creation of:
a. a monopoly
b. an oligopoly.
c. monopolistic competition.
d. perfect competition.
b
Economics
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A merger of firms that compete in the same market is classified as a conglomerate merger
a. True b. False Indicate whether the statement is true or false
Economics
Combining various goods and services into a convenient grouping is called
A. conglomeration. B. blending. C. congregation. D. agglomeration. E. aggregation.
Economics