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
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Ceteris paribus, which of the following causes demand to be more elastic with respect to price?
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NIPA annual revisions usually occur
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