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Leno4ka [110]
3 years ago
13

Dairy Cream Inc. makes and sells ice cream. Dairy Cream wants to merge with EZ Freeze Inc., its main competitor and a maker of i

ce cream and other frozen desserts. In a challenge to the deal on a charge of monopolization, the relevant product market includes ice cream and:_______
a. no other products.
b. products that have identical attributes, such as frozen yogurt.
c. products that must be kept cold, such as frozen fruit.
d. products that are related, such as cake.
Business
1 answer:
Readme [11.4K]3 years ago
8 0

Answer:

b. products that have identical attributes, such as frozen yogurt.

Explanation:

A monopoly is formed when a firm or a group of firms have a an unfair advantage in supplying a product and faces no competition while operating.

It is important to identify the market where the monopolist exists.

In the given scenario where Dairy Cream wants to merge with EZ Freeze Inc., its main competitor and a maker of ice cream and other frozen desserts. The merger will eliminate competition and the product market is defined under ice cream and products that have identical attributes, such as frozen yogurt.

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Take 40 over a 100 as a fraction and 3000 over 1 as a fraction and multiply them. 3000 multiply by 40 is =120000 and divide that by 100 would be 1200

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