In 2003, the federal budget deficit was about _____ percent of gross domestic product

The most common form of merger(s) in the U.S. economy is (are)

a. the horizontal merger b. the vertical merger c. the conglomerate merger d. horizontal and vertical mergers (equally common) e. horizontal and conglomerate mergers (equally common)

Cartels are difficult to maintain because

a. antitrust laws are difficult to enforce. b. cartel agreements are conducive to monopoly outcomes. c. there is always tension between cooperation and self-interest in a cartel. d. firms pay little attention to the decision made by other firms.