Paul Bergen and Virginia Clancy each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1000th of 1 percent of the nation's soybeans. When they merge, it will:
a. b and e.
b. be a horizontal merger.
c. reduce competition in the soy market.
d. increase the market power of Paul and Virginia.
e. probably go unnoticed outside of Soyburg.
a
Economics
You might also like to view...
Explain how consumer surplus changes when a monopoly price discriminates
What will be an ideal response?
Economics
A firm sets its output where
A) marginal profit minus marginal cost equals zero (MP - MC = 0). B) marginal revenue minus marginal profit equals zero (MR - MP = 0). C) marginal revenue minus marginal cost equals zero (MR - MC = 0). D) marginal revenue minus marginal cost is greater than zero (MR - MC > 0)
Economics