Author Question: Horizontal merger occurs when A) two firms merge where one had sold its output to the other as an ... (Read 152 times)

maychende · **on:** Jun 29, 2018

Horizontal merger occurs when

A) two firms merge where one had sold its output to the other as an input.
B) the merger moves the combined firm onto the horizontal portion of its long-run average cost curve.
C) two firms merge where each is about the same size.
D) two firms producing a similar product merge.

Question 2

A difference between economic regulation and social regulation is that

A) the former tends to affect the prices at which products are sold and the latter does not.
B) the former tends to affect the profits of firms and the latter does not.
C) the former tends to be specific to an industry and the latter tends to affect firms in all industries.
D) the former tends to be done at the state level and the latter at the federal level.