Horizontal Mergers and Product Differentiation
{"Image DocumentName": "Horizontal Mergers and Product Differentiation", "Image ImageDescription": "Assumption thus far is that firms offer identical products. But we clearly observe considerable product differentiation. Does this affect the profitability of merger? affects commitment. need not remove products post-merger. affects the nature of competition. quantities are strategic substitutes. passive move by merged firms met by aggressive response of non-merged firms. prices are strategic complements. passive move by merged firms induces passive response by non-merged firms. Chapter 16: Horizontal Mergers.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}