Does the failure of antitrust authorities to include illegal but economically relevant competitors when computing an industry

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Does the failure of antitrust authorities to include illegal but economically relevant competitors when computing an industry HHI for merger analysis yield an HHI value that is biased upward or downward? Explain briefly.

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Economics Today The Micro View

ISBN: 9780135888124

20th Edition

Authors: Roger LeRoy Miller

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