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Paul Bergeron and Virginia Clacey Each Own a 100-Acre Soybean

Question 158

Multiple Choice

Paul Bergeron and Virginia Clacey each own a 100-acre soybean farm in Soyburg, Illinois. Together they grow 1/1,000th of 1 percent of the nation's soybeans. When they merge, it will


A) raise the price of soybeans in the U.S.
B) be a vertical merger
C) reduce competition in the soy market
D) increase the market power of Paul and Virginia
E) probably go unnoticed outside of Soyburg

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