Paul Bergen and Virginia Clancy Each Own a 100-Acre Soybean

question 32

Multiple Choice

Paul Bergen and Virginia Clancy each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1000th of 1 percent of the nation's soybeans. When they merge, it will:

• A) attract the attention of the Federal Trade Commission.
• B) be a horizontal merger.
• C) reduce competition in the soy market.
• D) increase the market power of Paul and Virginia.

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Definitions:

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