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Which of the following statements is not correct? a. Antitrust laws automatically prevent mergers between companies that produce similar products. b. Antitrust laws can reduce
Which of the following statements is not correct? a. Antitrust laws automatically prevent mergers between companies that produce similar products. b. Antitrust laws can reduce social welfare if they prevent mergers that would lower costs through more efficient joint production. c. Antitrust laws give the government power to increase competition. d. Two examples of early antitrust laws are the Sherman and Clayton Antitrust Acts
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