If a company that drilled for and produced oil acquired a firm ...

[dmcintosh]

If a company that drilled for and produced oil acquired a firm which refined oil into gasoline, this would be referred to as a
 
  A) horizontal merger.
  B) vertical merger.
  C) conglomerate merger.
  D) reverse merger.

Question 2

An effective government imposed price ceiling will result
 
  A) in a surplus on the market.
  B) in a shortage on the market.
  C) in additional revenue for the government.
  D) in prices for the product falling in the future.

[cdmart10]

Answer to Question 1

B

Answer to Question 2

B