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Describe how the double marginalization problem

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Can someone please help me with this question.Thank you in advance.

a) Describe how the double marginalization problem arises and what it is. Note whether the issue is vertical or horizontal.

b) How does a market suffering from the double marginalization compare, in terms of total surplus and profits, to a single integrated monopolist?

c) Should the antitrust authorities allow a vertical merger to occur if it will eliminate double marginalization, even if it leaves a monopoly result in its wake?

Reference no: EM132293010

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