A merger between firms in which one firm purchases an input from the other is called a
A) conglomerate merger.
B) horizontal merger.
C) vertical merger.
D) none of the above.
C
Economics
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When the price of a pizza is $10, the quantity of soda demanded is 300 drinks. When the price of a pizza is $15, the quantity soda demanded is 100 drinks. The cross elasticity of demand is equal to
A) -0.25. B) -0.40. C) -2.50. D) -25.00. E) 4.00.
Economics
An example of capital is:
A) cash. B) a factory building. C) money in a checking account. D) the existing state of technology.
Economics