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A less efficient rival has been forced out by exclusionary conduct by its competitors. As a result of its exit, there is a variable cost
A less efficient rival has been forced out by exclusionary conduct by its competitors. As a result of its exit, there is a variable cost saving to the remaining, more efficient producers. Sales have increased to these firms at higher prices than before the rival's exit. Considering the distinctions between the total aggregate welfare standard and the consumer welfare standard, would you consider the potential harm to consumers as a result of higher prices sufficient to hold the removal of the rival anti-competitive?
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