In general, horizontal mergers will reduce economic profits in an industry. decr

Question

In general, horizontal mergers will reduce economic profits in an industry. decrease the number of firms in an industry. increase the number of firms in an industry. increase competition in an industry. One of the basic differences between social and economic regulations is that economic regulations only apply to financial institutions while social regulations apply to a greater variety of institutions. social regulations only apply to non-profit organizations while economic regulations apply only to for-profit organizations. economic regulations focus on the banking industry while social regulations focus on monopolies. economic regulations cover only particular industries while social regulations apply to all firms in the economy.

Explanation / Answer

A 14 HORIZONTAL MERGERS WILL DECREASE THE NUMBER OF FIRMS IN AN INDUSTRY.

HORIZONTAL MERGER MEANS TO MERGE BETWEEN TWO FIRMS IN THE SAME LINE OF BUSINESS.

A 15 ECONOMIC REGULATIONS COVER ONLY PARTICULAR INDUSTRIES WHILE SOCIAL REGULATION APPLY TO ALL FIRMS IN THE ECONOMY.

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