Problem
Last year, a federal judge ruled that AT&T could go forward with its proposed acquisition of Time Warner, rejecting opposition to the move by the Department of Justice. So, AT&T merged with Time Warner! Briefly explain the economic reasoning behind the judge's decision to let the merge. (Hint: How would this merger affect double marginalization?)
Briefly explain how would this merge affect; Competition within the entertainment industry?
consumer surplus?
producer surplus?
AT&T likely post-merger profit?
Entertainment industry's post-merger profit?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.