A Massive Wave of Mergers and Consolidations in the United

question 17

Multiple Choice

A massive wave of mergers and consolidations in the United States 100 years ago was made possible by

• A)the opening up of the western states.
• B)rapid innovations in transportation, communication, and management techniques.
• C)a massive influx of immigrants from foreign countries.
• D)the growth of the American economy due to international trade.
• E)the growth of toll roads.

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Definitions:

Maximizes Satisfaction

Refers to the act of choosing options that result in the highest level of satisfaction or utility for an individual or group, based on preferences.

Rational

Behaviors and decisions that maximize a person’s chances of achieving his or her goals. See rational behavior.

Unlimited Money Incomes

A hypothetical scenario where individuals or entities have access to an infinite amount of money resources.

Total Utility

The total satisfaction received from consuming a given total quantity of a good or service.