Author Question: If the United States' largest bakery buys an agricultural firm that specializes in growing wheat, we ... (Read 131 times)

lbcchick · **on:** Jun 29, 2018

If the United States' largest bakery buys an agricultural firm that specializes in growing wheat, we would have an example of

A) a horizontal merger.
B) a vertical merger.
C) a monopoly.
D) excessive product differentiation.

Question 2

Unit excise taxes imposed on gasoline, alcohol, and cigarettes are

A) largely paid by the producers because they want to maintain their level of sales.
B) largely paid by consumers because they are not very responsive to price changes.
C) shared equally between the producer and the consumer.
D) paid by the wholesalers of these products.