A Merger Between Two Firms Occurs When

Multiple Choice

A merger between two firms occurs when

A) two firms agree to work temporarily on a single project, which is why we constantly read about mergers occurring and splitting up
B) one firm splits into two or more firms, such as General Motors splitting into divisions of Buick, Pontiac, and so on
C) each of the two firms agrees not to sell in each other's markets
D) the two firms become one firm, as in the newspaper industry when the Chicago Sun and the Chicago Times became the Chicago Sun-Times
E) one firm quits the industry and another takes over its market share