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Assume firm X is one of the three largest firms in an oligopolistic industry.Firm X is currently considering a vertical merger with another firm that is the sole supplier of an input used by all of the firms that compete with firm X.If the merger goes through,firm X would be able to operate much like:
Liable
Liable means responsible by law; legally answerable.
Stop Payment
An instruction to a bank not to honor a check or payment previously authorized, often due to disputes or errors in the transaction.
Drawee Bank
The bank upon which a check is drawn and is responsible for paying the amount specified.
Bank Officer
An individual who holds a management or executive position within a banking institution, responsible for certain operational aspects.
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