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patterke5 patterke5
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Posts: 338
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6 years ago
If a firm decides to produce a product that it once purchased from a firm upstream it has made a
 A) horizontal decision.
  B) make or buy decision.
  C) downstream decision.
  D) sell or service decision.

QUESTION 2

The way one unit of a firm relates to another in the same firm is referred to as being
 A) upstream or downstream.
  B) latitudinal or longitudinal.
  C) left or right.
  D) competitor or conspirator.

QUESTION 3

Market prices
 A) are limited in their information content.
  B) contain all available information.
  C) contain only past information.
  D) none of these choices.

QUESTION 4

BP has
 A) only used external markets.
  B) used internal markets successfully to reduce emissions.
  C) used internal markets to deal with a network externality.
  D) none of these choices.

QUESTION 5

An external market
 A) should always replace internal markets.
  B) have problems that internal markets do not.
  C) should be used to discipline the internal market.
  D) fewer economies of scope.
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sbray18sbray18
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6 years ago
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