A Combination of Companies That Compete Directly Is A

question 78

Multiple Choice

A combination of companies that compete directly is a:

• A)conglomerate merger.
• B)vertical merger.
• C)horizontal merger.
• D)takeover.

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Definitions:

Highest Price

The highest price refers to the maximum price at which a product, asset, or service has traded during a particular period.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good suppliers are willing to offer for sale, holding all else equal.

Pure Competition

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit from the market.

Pure Monopoly

A market structure characterized by a single seller controlling the entire market supply of a unique product, with no close substitutes.