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#2 (5 points): LexCraft had a great IPO and Lexi retired from the company as a billionaire. Under the new management, the company expanded its
#2 (5 points): LexCraft had a great IPO and Lexi retired from the company as a billionaire. Under the new management, the company expanded its store locations and added a manufacturing subsidiary. The company rose to be #2 in the crafting market. MineCraft is the #1 company in the industry. MineCraft has achieved its success by selling products for below costs and then raising prices after the small craft shops in the area close. They also charge different prices to different retailers for the same products depending upon whether they like the store owner or not. It has a subsidiary that sells a music service to be played in stores and requires small craft shops that purchase from them in bulk to also buy the music service in addition to whatever products they are buying. When it sells to small retailers, it requires that each product be sold for a specific amount. MineCraft has requested a meeting with LexCraft. They would like to discuss setting the sales prices for their respective products and not competing in the same markets. They would then potentially propose merging their two companies. Together, they would control 65% of the crafts market. Question: Identify five antitrust law statutes discussed in Ch. 23 that are applicable in this case scenario. Explain why. Match the relevant facts and its applicable statute and then explain why you did the match. Each statute should have its own line or bullet point
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