What is the main advantage of assessing the welfare impact, Marketing Research

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What is the main advantage of assessing the welfare impact

1. Explain why mergers that do not involve efficiency gains are rarely profitable in Cournot industries.

2. What is the main advantage of assessing the welfare impact of a merger by looking at its ‘external effect'? Explain in words the condition under which this external effect is positive.

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Marketing Research: What is the main advantage of assessing the welfare impact

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