Is it appropriate to think of all of australia as a single geographic market for natural gas? if so, explain why. if not, how would you define the relevant geographic market (s) ? (b) based on your geographic market definition (s) above, would you expect the santos / sagasco merger to increase market power? (c) should regulators be concerned that santos / sagasco would have a controlling share of the moomba processing facility? why or why not?
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