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Topic: Outline the role of the Australian Competition and Consumer Commission (ACCC). Explain why the ACCC sometimes does not approve mergers between firms. Your answer

Topic: Outline the role of the Australian Competition and Consumer Commission (ACCC). Explain why the ACCC sometimes does not approve mergers between firms. Your answer should include a comparison between the market outcomes of perfect competition and of monopoly, and a relevant economic model. Also include an example of a merger that was not approved and use economics to explain why the firms were not permitted to merge. (Include at least 6 references)

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