Examlex
The price elasticity of demand for a product tends to be large (more elastic) when
Horizontal Merger
A business consolidation that occurs between firms operating in the same industry, often as competitors.
Vertical Merger
A merger between two companies that operate at different stages of the production process for a specific finished product.
Tire Manufacturer
A company specialized in the production and sale of tires for various vehicles, including cars, trucks, and bicycles.
Automobile Manufacturer
A company that produces and sells motor vehicles, including cars, trucks, and motorcycles.
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