Recall the Application About the Merger of Sirius Satellite Radio

Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s) .
-Recall the Application. Sirius and XM proposed the merger because they were

A) losing money because their fixed costs were very high.
B) losing money because they faced the advertisers' dilemma.
C) earning duopolists' profits that were greater than zero, but knew they could earn more as a single firm.
D) losing money because their variable costs were higher than the price they could charge.