Question: Please solve Question No. 5 (5, 5) a. What gives the government the power to regulate mergers between firms? From the standpoint of the welfare

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Question No. 5 (5, 5) a. What gives the government the power to regulate mergers between firms? From the standpoint of the welfare of society, give a good reason and a bad reason that two fir ms might want to merge. b. Give two examples of price discrimination. In each case, explain why the monopolist c hooses to follow this business strategy

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2. Information that comes most readily to mind (availability).

3. An initial value (anchoring).

4. Similarity (representativeness).