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Unformatted text preview: may be explicit (such as costs of advertisement to draw listeners away from the other radio station) and/or implicit (i.e., opportunity coststhis advertisement money could have instead been used to create new radio programs). 2) As a government regulator, the factors I would consider are the number of firms in the market and the share of each firmessentially, the HHI. If this merger results in an HHI much greater than 1800, I would probably not approve of the merger....
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This note was uploaded on 02/17/2009 for the course ECON 101 taught by Professor Burkhauser during the Spring '08 term at Cornell University (Engineering School).
- Spring '08