Draw a graph like Figure 15.6 on page 518 that shows a merger lowering costs. On your
Question:
Draw a graph like Figure 15.6 on page 518 that shows a merger lowering costs. On your graph, show producer surplus and consumer surplus before a merger and consumer surplus and producer surplus after a merger.
Transcribed Image Text:
Price MC before the merger Merger with no efficiency gains MC after the merger Merger with efficiency gains PM Pc Рмере Demand MR Quantity Qc QMerge Омегде QM
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