What would be failure to recognize the cellophane fallacy

Reference no: EM13212383

Please indicate whether you agree with the following statements in italics, and explain your answer:

(a) Failure to recognize the Cellophane Fallacy may result in defining an overly narrow market in cases involving alleged anticompetitive behavior.

(b) Consider a good being sold in both city A and city B. The correlation coefficient between the price of the good in city A and city B (using weekly data over the period 2007 to the present) is 0.92. We may conclude that city A and city B are in the same geographic antitrust market.

Reference no: EM13212383

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