Examlex
Which one of the following items is not included in the M1 definition of money?
Business Combination
A transaction or event where two or more companies merge or one company acquires another to consolidate business operations.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.
Horizontal Merger
The combination of two or more firms competing in the same market with the same good or service.
Horizontal Merger
A merger between companies that operate in the same industry, often as direct competitors.
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