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2. Suppose that an upstream monopoly sells a critical input to a downstream industry consisting of many small firms, each of which must take input

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2. Suppose that an upstream monopoly sells a critical input to a downstream industry consisting of many small firms, each of which must take input and output prices as given. Output for each downstream firm depends on the critical input and on labor. If the upstream monopoly merges with one of the downstream firms, what will happen to downstream prices? Be careful to state all of your assumptions

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