lecture17_312_MergerMovement_SP11_overheads

Lecture17_312_Merger - Lecture#16 Merger Movement Between 1895 and 1905 there was a rapid consolidation on American business This is called the

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Lecture #16 March 30, 2011 Merger Movement
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Between 1895 and 1905, there was a rapid consolidation on American business. This is called the “great merger movement.” There have been other waves since then, but this was the first. As we talked about on Monday, many of the new businesses were incorporated in New Jersey:
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Many of the new firms were very large. Large in absolute terms but also large in terms of the markets for the products the firms produced. Some of the firms created during the merge boom are still around today.
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Remember from earlier in the semester. Alfred Chandler examined the growth of large firms in the United States after the Civil War. He argued that changes in technology lay at the rise of large firms. He was particularly concerned with what he called “throughput” – the amount of production that a firm produced in a given period of time.
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The optimal size of the firm is related to the size of the market. If the market is only big enough to support one firm, then competition between firms will produce
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This note was uploaded on 10/25/2011 for the course ECON 312 taught by Professor Johnwallis during the Spring '11 term at Maryland.

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Lecture17_312_Merger - Lecture#16 Merger Movement Between 1895 and 1905 there was a rapid consolidation on American business This is called the

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