Microeconomics,, 16th Canadian Edition

(Sean Pound) #1

This possibility presents a significant challenge to competition policy. The
challenge is to prevent those mergers that mostly lead to less competition,
producing only small cost reductions, but to allow those mergers that
mostly lead to cost reductions, with only small reductions in competition.
The practical problem for the authorities is to identify the likely effects of
each merger.

Free download pdf