Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 19 - Antitrust Policy and Regulation - Discussion Questions: 7

Answer

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Work Step by Step

Mergers that would limit competition in a certain industry (aka, cause monopolies) are prohibited. This makes sense, for if there are monopolies, businesses can unfairly drive up the price of necessities and force people to pay them.
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