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What was the Monopolies and Mergers Act of 1965?
What was the Monopolies and Mergers Act of 1965?
Expert Solution
Monopolies and Mergers Act of 1965 was based on the collaboration of different monopolies so as to increase their power. The monopolies commission was encouraged to investigate the possible areas where the merger was possible. If a company holds atleast 25% of the market share then that was considered to be a monopoly. It was proposed that if two companies together hold atleast 25% of the market share, they should be merged.
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