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