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Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

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Page 1: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 2: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 3: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 4: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 5: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 6: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 7: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 8: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 9: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 10: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 11: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 12: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 13: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 14: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 15: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 16: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 17: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 18: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 19: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 20: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 21: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 22: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 23: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 24: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 25: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

Page 26: Scale Economies and Synergies in Horizontal Merger Analysis · Title: Scale Economies and Synergies in Horizontal Merger Analysis Author: Joseph Farrell and Carl Shapiro Created Date:

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