When Staples and Office Depot attempted to merge in 1997,
A) the Federal Trade Commission convinced the courts to block the merger on the grounds that the merger would lead to less competition in the office supplies industry.
B) it was determined that Office Depot and Staples were not substitutes for each other.
C) the Federal Trade Commission believed that the merger would increase the competitiveness of the office supplies industry.
D) evidence showed that the merger would lead to lower prices on office supplies.

Question

Quizplus · Accepted Answer

The Federal Trade Commission convinced the courts to block the merger on the grounds that the merger would lead to less competition in the office supplies industry.

When Staples and Office Depot Attempted to Merge in 1997