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COMM 394 (10)
Lecture

Chapter 7.docx

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Department
Commerce
Course
COMM 394
Professor
Tony Boardman
Semester
Spring

Description
Chapter7MarketFailure6investigations1Mergersandabuseofdominantposition2Conspiracytolessencompetition3Predatorypricing4Pricediscrimination5Resalepricemaintenanceandrefusaltodeal6Misleadingadvertisinganddeceptivemarketingpractices1MergersDirectmethodofincreasingmonopolypowercompetition Price Quantities EfficiencyEconomies of scaleThe cost advantage that arises with increased output of a product Economies of scopeaverage total cost of production decreases as a result of increasing the number of different goods producedMergers are subject to review by Commissioner of CompetitionMust be notified of all mergers that exceed certain size thresholds prior to competition Failure to notify is a criminal offense Horizontal merger Welfare reducing or improving Merger occurring between companies
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