Question

This term describes a sort of innovation in which an increasing variety of intermediate goods raises productivity. The rightmost portion of an indifference curve for perfect complements is best described (0[1])by this term. Mergers described by this term are evaluated by the HHI index. As price elasticity increases, a supply curve approaches this (*) shape. (0[2])This adjective describes (10[1])a demand curve (0[1])faced (0[1])by a firm in perfect (10[1])competition, (10[3]0[1])since (10[2])consumers are (10[1])maximally sensitive (10[1])to price changes. (10[1])This term describes a sort of business expansion that may lower costs through economies of scale. (10[1]0[1])For 10 points, name this adjective that describes (0[1])a sort (0[1])of "integration" (10[2]0[1])contrasted (0[1])with its (10[1])vertical (10[4])type. (10[3])■END■ (10[16])

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