If depreciation exceeds gross investment, net investment is negative

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.

The removal of a price ceiling in a market results in:

a. an increase in the market price. b. a shortage in the market. c. over-production of the commodity and a surplus. d. a fall in the market price. e. abnormal profits for producers.