Losses are important to a competitive price-searcher market (industry) because they send a message to the market participants that
a. more resources should be devoted to a particular industry.
b. resources can rise in value if diverted away from that particular industry.
c. resources are allocated exactly as they should be.
d. the firms should charge lower prices.
B
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A horizontal merger
A) results in a trust (for example, the Standard Oil Company). B) is a merger between firms in the same industry. C) is a merger between firms at different stages of production of a good. D) was illegal in the United States until the Federal Trade Commission Act was passed by Congress in 1914.
If the Y-intercept of a linear function increases while the slope remains unchanged
a. the graph must shift down in a parallel way. b. the graph must rotate to the left about the X intercept. c. the graph must shift up in a parallel. d. the graph remains unchanged.