Before government approves a merger, the company must be able to prove that the merger would lower costs and consumer prices or leads to a better product and service. A merger occur when a company joins another company or companies to form a single firm. Merger give companies the opportunity to pool their resources together and achieve better results in term of their products, services and also profits.
Creditors consider character, collateral and, capacity to be most important when judging a persons creditworthiness to buy a house or car.
Character - who you are as a person, honest, true, based on reports you are able and make payments on time.
Capacity - you're ability to make the payments and understand how to.
Collateral - what you own that they could take in a form of "payment" if you don't repay your loan.
It is <u>false </u>that producers of business products generally spend a larger percent on advertising than do producers of consumer products. There are far more people in the world than there are businesses, and thus advertisements are usually addressed to the general consumer rather than a business. More people are going to buy consumer products than businesses are going to buy business products, which is why these ads are mainly created by producers of consumer products.
A monopolist that practices perfect price discrimination will have a a greater total revenue and sell a greater output than if it were not practicing price discrimination.
A monopolist is a single seller in an industry. The monopolist produces all the output in the industry. A monopolist has a downward sloping demand curve. She also sets the price for her products
Price discrimination is when the same product is sold at different prices to customers in different markets. Perfect price discrimination is when sellers charge each consumer at their reservation price in order to eliminate consumer surplus. Perfect price discrimination encourages consumers to buy more products. This increases quantity sold.
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