General Motors declared bankruptcy in 2009 but exited bankruptcy just 40 days later, after streamlining its operations

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General Motors declared bankruptcy in 2009 but exited bankruptcy just 40 days later, after streamlining its operations and selling the U.S. government a majority stake in the company. If GM had gone out of business altogether, why might that not have reduced the competition facing rival automaker Ford?

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Economics Principles and Policy

ISBN: 978-1305280595

13th edition

Authors: William Baumol, Alan Blinder

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