e. In the diagram, show the profits (or losses) in this case.
f. Would the outcome be allocatively efficient? Explain why
or why not.
9. One important factor that the Canadian Competition Bureau must
consider when assessing the likely effects of a merger is the
definition of the market. Discuss how geography is likely to affect
the definition of the market for the following products:
a. Fresh-baked breads and cakes
b. Cement
c. Gold jewellery
d. Computer hardware
