Paul Bergen and Virginia Clancy Each Own a 100-Acre Soybean

question 32

Multiple Choice

Paul Bergen and Virginia Clancy each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1000th of 1 percent of the nation's soybeans. When they merge, it will:

• A) attract the attention of the Federal Trade Commission.
• B) be a horizontal merger.
• C) reduce competition in the soy market.
• D) increase the market power of Paul and Virginia.

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Definitions:

Free Riders

Individuals who benefit from resources, goods, or services without paying for them or contributing to their cost.

Anti-Synergistic

Describes actions or processes that interfere with or negate each other's effectiveness, leading to a result less than the sum of individual parts.

Personality Conflicts

Arises when there are clashing personalities or differences in character among individuals that lead to tensions, disagreements, or misunderstandings within a group.

Motivation

The level, direction, and persistence of effort expended at work.