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8. Demand for a product is q = 100-p and industry marginal cost is 40. Firms set competitive prices. One firm wishes to buy up

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8. Demand for a product is q = 100-p and industry marginal cost is 40. Firms set competitive prices. One firm wishes to buy up its competition and become a monopoly, arguing that its costs would go down to a marginal cost of 20. Would the mergers-to-monopoly improve efficiency

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