If a horizontal merger lowers the cost of production and increases the total surplus in the market, which of the following is also likely to have occurred?
A)The consumer surplus increased.
B)The consumer surplus decreased.
C)The producer surplus decreased.
D)The producer surplus did not change.

Question

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The Answer of If a horizontal merger lowers the cost of production and increases the total surplus in the market, which of the following is also likely to have occurred?
A)The consumer surplus increased.
B)The consumer surplus decreased.
C)The producer surplus decreased.
D)The producer surplus did not change.

If a Horizontal Merger Lowers the Cost of Production and Increases