Critical Loss: Let’s Tell the Whole Story
Critical Loss: Let’s Tell the Whole Story
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严重损失：让我们讲述整个故事
DOI：
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发表时间：
2003
期刊：
影响因子：
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通讯作者：
G. Werden
中科院分区：
文献类型：
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作者：
B. Y M I C H A E;L. L. K. A T Z A N D C A R L S H A P I;M. Katz;E. J.;Mollie Arnold;Joseph Farrell;S. Salop;G. Vistnes;G. Werden
Specifically, the Agency will begin with each product (narrowly defined) produced or sold by each merging firm and ask what would happen if a hypothetical monopolist of that product imposed at least a “small but significant and nontransitory” increase in price, but the terms of sale of all other products remained constant. If, in response to the price increase, the reduction in sales of the product would be large enough that a hypothetical monopolist would not find it profitable to impose such an increase in price, then the Agency will add to the product group the product that is the next-best substitute for the merging firm’s product. [footnote omitted] . . .
