Firms merge in order to?

Assessment: WAEC SSCE - Commerce - 1994 (Objective) Subject: Commerce

Question 1 Report

Firms merge in order to?
Answer Details
Firms merge in order to create a monopoly. A monopoly is a situation where one company or group controls the market for a particular product or service. By merging with other firms, a company can eliminate its competition and become the dominant player in the market. This allows the company to set prices as it wishes, reduce costs, and maximize profits. However, it can also lead to decreased choice and higher prices for consumers.
Read lesson note on Commerce (JAMB)
Read lesson note on Occupation (JAMB)
View Answer

Related Questions

1

An agreement between two parties which can be enforced is called?
2

A cheque does not contain?
3

An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?
4

The most acceptance and convenient means of payment in foreign trade is?
5

A business that has no upper limit to the number of owners is?
6

Capital owned is the same as?
7

Which of the following relies on the government for its initial capital?
8

Which of the following is not used by the Central Bank to restrict lending by commercial banks?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning