Paul Bergeron and Virginia Clacey each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1,000th of 1 percent of the nation's soybeans. When they merge, it will
A) raise the price of soybeans in the U.S.
B) be a vertical merger
C) reduce competition in the soy market
D) increase the market power of Paul and Virginia
E) probably go unnoticed outside of Soyburg

Question

Quizplus · Accepted Answer

The merger of two small farms that together produce a minuscule fraction of the nation's soybeans is unlikely to have any significant impact on the broader market or be noticed outside their local area.

Paul Bergeron and Virginia Clacey Each Own a 100-Acre Soybean