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Author Question: Suppose there areonlytwo firms (Firms A and B) in Canada that produce good X, and the two firms ... (Read 89 times)

byomi

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on: Oct 12, 2022

Question 1

At the level of the industry, the condition for productive efficiency is that
◦ MC = P for all goods.
◦ MC is equal for all firms in the industry.
◦ MRP = P for all inputs.
◦ goods are allocated equitably.
◦ there are no idle resources in the industry.

Question 2

Suppose there are only two firms (Firms A and B) in Canada that produce good X, and the two firms propose a merger to create a single firm (Firm AB). Is there any circumstance under which the authorities enforcing Canadian competition policy might approve of such a merger?
◦ According to the Competition Act, as long as the revenues of the merged firm are less than $100 million per year.
◦ If the market is defined as being within Canada's borders, and the merger allows Firm AB to exploit economies of scale.
◦ If international trade in good X is such that Firm AB faces a fully competitive environment, both within and outside of Canada's borders.
◦ According to the Competition Act, if the merged firm enhances the status of a Canadian cultural industry.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by byomi on Oct 12, 2022

bigboya

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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byomi

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

sarah_brady415

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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