The FTC hosted a public conference to examine two recent studies focusing on the price effects of mergers and concentration in the United States petroleum industry. The conference brought together a group of independent economic experts to evaluate two studies examining price effects within the petroleum industry. The first was a March 2004 case study of the effects of the recent Marathon/Ashland Corp. joint venture. The second was the May 2004 report by the Government Accountability Office that examined the effects of mergers and market concentration in the U.S. petroleum industry.
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