Suppose the european union (eu) is investigating a proposed merger between two of the largest distillers of premium scotch liquor. based on some economists’ definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market. additionally, suppose that the (wholesale) market elasticity of demand for scotch liquor is –1.3 and that it costs $16.20 to produce and distribute each liter of scotch. based only on these data, provide quantitative estimates of the likely pre- and postmerger prices in the wholesale market for premium scotch liquor. instruction: do not round intermediate calculations. enter your final responses rounded to the nearest penny (two decimal places).

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?