A Hybrid Vertical Relationship Is One Which

question 60

Multiple Choice

A hybrid vertical relationship is one which

• A)attempts to secure optimum benefits from close collaboration whilst preserving some form of market transaction.
• B)attempts a relationship where for some products the supplier is integrated, whereas for others it is a competitor.
• C)is similar to a virtual vertical relationship.
• D)is a combination of two or more vertical relationships.

---

Definitions:

Excise Tax

A tax levied on the sale or consumption of specific goods or services, such as tobacco and alcohol.

Demand Shift

Occurs when there is a change in the quantity demanded at every price level, caused by factors other than the price of the good itself.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved, often due to market failure or intervention.

Excise Tax

A charge imposed on the sale or use of particular products or services, including alcohol, tobacco, and fuel.