The Justice Department's merger guidelines states that the ability to maintain prices above the competitive level is evidence of market power.

Name: The Justice Department's merger guidelines states that the ability to maintain prices above the competitive level is evidence of market power.
Brand: Quizplus
Rating: 4.8 (46 reviews)

Question

Quizplus · Accepted Answer

According to the Justice Department's merger guidelines, the ability to maintain prices above the competitive level is indeed considered evidence of market power.

The Justice Department's Merger Guidelines States That the Ability to Maintain