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Gillespie: Foundations of Economics

Unit 16

Instructions

Choose your answers from a-d by clicking the radio button next to each choice and then press 'Submit' to get your score.

Question 1

If one car company takes over another car company this is an example of which type of integration?

Question 2

If a car company takes over a clothes business this is an example of which type of integration?

Question 3

Horizontal integration may lead to internal economies of scale. Which of the following is not a type of internal economy of scale?

Question 4

Acquisition and merger are examples of:

Question 5

Unfair competition does not include:

Question 6

If firms join together to set prices and quantities this is known as what?

Question 7

In the Ansoff matrix a strategy focusing on new products and new markets is known as:

Question 8

A monopoly in the UK can be investigated if it has a market share of:

Question 9

Anti-competitive behaviour in the UK can lead to fines of up to:

Question 10

An example of backward vertical integration is: