In a Link Joint Venture, the Partners Collaborate at a Single

question 43

True/False

In a link joint venture, the partners collaborate at a single point in the value chain to gain economies of scale in production or distribution.

---

Definitions:

Aggregate Supply

The total output of goods and services that producers in an economy are willing and able to supply at a given overall price level in a specified time period.

Price Levels

The midpoint of prices for every type of good and service produced economically.

Cost-Pull Inflation

Inflation caused by an increase in prices of inputs like labour, raw material, etc., leading to a decrease in the supply of these goods.

Demand-Pull Inflation

A sustained rise in the price level caused by a rightward shift of the aggregate demand curve.