Assume That Three Automobile Manufacturers All Merged into One Car

question 23

Multiple Choice

Assume that three automobile manufacturers all merged into one car company.Such a merger would be a

• A)vertical merger.
• B)vertical cooperative arrangement merger.
• C)horizontal merger.
• D)intracompetitive merger.

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Definitions:

Lighthouse

A tower equipped with a powerful light used to guide or warn ships at sea.

Public Good

A Public Good is a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Rival Good

A rival good is a type of product or resource that cannot be consumed by multiple individuals at the same time without diminishing its availability to others.

Rival Good

A type of good that cannot be consumed by more than one person at the same time, because its consumption by one person reduces its availability for others.