AT&T argued that the merger with T-Mobile should be approved by the Justice Department because
A. There are many wireless providers available for consumer.
B. AT&T will gain additional wireless towers from T-Mobile.
C. It will result in higher prices for consumers.
D. The merger will lead to efficiencies because a larger firm can enjoy economies of scale and can keep prices low.
Answer: D
Economics
You might also like to view...
Why are private enterprises more efficient than government enterprises?
What will be an ideal response?
Economics
Which of the following is used to argue that the self-interest of public policymakers will often lead to actions that are inconsistent with the preferences of the voters they represent?
A) the median voter theorem B) the voting paradox C) rent seeking D) transitivity of voters' preferences
Economics