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19 July, 05:52

Why might the lack of competition resulting from business mergers tend to lead to market failures?

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  1. 19 July, 08:33
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    If businesses merged too much, they would get into a position where they could control the entire market. They could then dictate the prices completely for the purpose of profit and this might be bad for the people. People wouldn't have the money to procure goods and the market and the economy would completely become ruined.
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