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Author Question: Premium beer is likely considered A) a normal good. B) an inferior good. C) to have inelastic ... (Read 70 times)

colton

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on: Jul 1, 2018
Premium beer is likely considered
 
  A) a normal good.
  B) an inferior good.
  C) to have inelastic demand.
  D) to have perfectly elastic demand.

Question 2

A merger between a firm and one of its suppliers would be called
 
  A) a horizontal merger.
  B) a vertical merger.
  C) an anti-trust violation.
  D) a Cournot merger.


mirabriestensky

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


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