1. What are the pro-completive effects of a proposed merger or acquisition on which the merging parties would attempt to rely to rebut a presumption that the merger will have anti-completive effects and explain what the merging parties must demonstrate as to each such identified pro-competitive effect in order for it to be recognized by the courts for consideration in evaluating the merger?
2. Company A manufactures and sells men's shoes to retailers in the US. Company B manufactures and sells men's shirts to retailers in the US. Is there a relevant market in which an acquisition of Company B by Company A may result in a substantial lessening of competition? Explain your answer.