Mergers often increase profit by
A) producing economies of scale.
B) producing economies of scope.
C) increasing efficiency of the firm.
D) All of the above.
D
Economics
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Economics
If a monopolist is maximizing its profits, we know that it has:
A. maximized total revenue. B. maximized marginal revenue. C. minimized total cost. D. equated marginal cost and marginal revenue.
Economics