In the Short Run, It Is Necessary to Nonprice Ration

question 33

Multiple Choice

In the short run, it is necessary to nonprice ration a good whenever ________ exists.

• A) excess demand
• B) excess supply
• C) a surplus
• D) market equilibrium

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Definitions:

Consolidation

The process of combining two or more companies into a single entity to enhance competitive strength and efficiency.

Merger

The combination of two or more companies into a single entity, with the aim of achieving greater efficiencies or market share.

Acquiring Firms

Companies that purchase other companies in mergers and acquisitions to grow in size, diversify, or achieve other strategic goals.

Spin-Off

The distribution of shares in a subsidiary to existing parent company shareholders.