According to the text, which of the following is a principal reason why firms merge?
a. to form a cartel
b. to exercise greater market control
c. to increase their product differentiation
d. to decrease their product differentiation
e. to become a monopoly
B
Economics
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Which of the following is NOT included in aggregate demand?
A) Demand for goods and services for consumption B) Investment in business plant and equipment C) Net exports D) Investment in Treasury bonds
Economics
Using the above table, a unit tax of $2 is imposed on the product. The equilibrium price of this product after the tax is imposed is
A) $5. B) $4. C) $3. D) $2.
Economics