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Author Question: Which of the following best illustrates a vertical merger. a. GM merges with Chrysler b. Nike ... (Read 62 times)

joblessjake

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  • Posts: 555
on: Jun 30, 2018
Which of the following best illustrates a vertical merger.
 a. GM merges with Chrysler
  b. Nike merges with Kraft Foods
  c. Microsoft merges with Dell
  d. UPS merges with FedEx
  e. Apple merges with IBM

Question 2

To maximize profit, a perfectly competitive firm that decides not to shut down will choose the rate of output at which
 a. price is highest
  b. price minus average total cost is maximized
  c. price equals marginal cost
  d. total revenue is maximized
  e. average total cost is minimized


leahm14

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  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


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