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 |
Homework Answers
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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