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8. Graphically show the effects of a merger that causes two formerly perfectly competitive firms to...

8. Graphically show the effects of a merger that causes two formerly perfectly competitive firms to now become a monopolist on the one hand, but also reduces marginal costs on the other (for simplicity assume constant MC). If your job description was to decide whether or not to allow this merger based on its overall welfare impact on society, how would you make this decision (refer to your graph)? (1 pt)
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