A firm that backward vertically integrates A) moves downstream ...

[sjones]

A firm that backward vertically integrates
 
  A) moves downstream in the production process.
  B) requires that the production process be relatively simple.
  C) has to merge with another firm.
  D) may be producing its own inputs.

Question 2

If a monopolist faces entry by a potential rival, investing to lower its marginal cost
 
  A) is a credible way to deter entry.
  B) is not a credible threat.
  C) is credible but will not deter entry.
  D) will not occur, even when there are no barriers to entry.

[emsimon14]

Answer to Question 1

D

Answer to Question 2

A

[sjones]

Excellent

[triiciiaa]

TYSM