ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Industrial Finance-Cost of Guarantees

proportion of the total output of a product (and can, therefore, be interpreted as restricting competition), in subtle ways the implications of a vertical merger are more insidious. By taking a part of the total output out of the market structure, such a merger creates a monopolistic position for the remaining producers in the market. Further, for the merged concern it creates a captive market for a part of the output which thus escapes the market structure.

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