What criterion developed by the DOJ suggests that there is a substantial decrease that harms consumers...

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What criterion developed by the DOJ suggests that there is a substantial decrease that harms consumers...

What criterion developed by the DOJ suggests that there is a substantial decrease that harms consumers when prices rises by at least 5% for longer than 1 year?

	a.	DOJ competition criterion
	b.	SSNIP criterion
	c.	Market competition criterion
	d.	SIC criterion
	e.	DOJ market criterion

business economics

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Answer 1

Answer #1

Ans: SSNIP criterion

Explanation:

The full form of SSNIP test is Small but Significant Non-transitory Increase in Price Test.

This test firrst sen in 1982 by U.S DOJ (Department of Justice)

SSNIP test requires to identify smallest market within which a hypothetical monopolist could impose a Small Significant Non-transitory Increase in Price.

It is usually defined as a price increase of 5% for at least 1 year.

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Answer 2

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