One of the Largest Merges in History Was Between

question 27

Multiple Choice

One of the largest merges in history was between:

• A) IBM and Wang
• B) Chrysler and Daimler Benz
• C) Ford and Jaguar
• D) Lincoln and Ford

---

Definitions:

Long-Run Equilibrium

A state in which a market's supply and demand balance out over time, with all firms earning normal profit and no incentive for new firms to enter or existing ones to exit.

Price Maker

A firm or entity that has the power to influence the price of goods or services in the market due to a lack of significant competition.

Total Revenue

The overall amount of money generated by a business from selling its goods or services before any costs are subtracted.

Elastic Than Industry

A condition or scenario where a particular firm or product has a higher sensitivity to price changes compared to the overall industry.