Suppose a steel firm and a cookware company merge. This merger would be classified as:
a. a horizontal merger.
b. a vertical merger.
c. a conglomerate merger.
d. either a horizontal or conglomerate merger, depending on the nationality of the companies.
e. either a horizontal or conglomerate merger, depending on the market shares of the two companies.
b
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Two software firms have developed an identical new software application. They are debating whether to give the new app away free and then sell add-ons or sell the application at $30 a copy
The payoff matrix is above and the payoffs are profits in millions of dollars. What is the Nash equilibrium of the game? A) Both Firm 1 and 2 will sell the software application at $30 a copy. B) Both Firm 1 and 2 will give the software application away free. C) Firm 1 will give the application away free and Firm 2 will sell it at $30. D) There is no Nash equilibrium to this game.
The Current Population Survey interviews approximately how many households each month?
A) 5,000 B) 10,000 C) 60,000 D) 100,000