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Consider the following industry: Two logging companies (A and B) cut trees and supply wood to a sawmill. The sawmill cuts the logs into
Consider the following industry: Two logging companies (A and B) cut trees and supply wood to a sawmill. The sawmill cuts the logs into lumber and sells the lumber to a furniture maker. The sawmill and the furniture maker are both monopolies. Consider a merger between logger A and the sawmill. Briefly describe the most important procompetitive rationale for the merger, and the most important anti-competitive concern.
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