Regarding the Exxon-Mobil merger of the late 1990s, answer and carefully explain each of the following in your own words:
b) What was the result of the merger and merged firm on the petroleum industry? Did the price of gas go up or down?
How did competition in the industry change? Be specific and explain.
c) What role did the Federal Trade Commission (FTC) and Department of Justice (DoJ) play in this merger? What did the FTC and DoJ require to happen before the merger was approved? Why? Do you believe that the FTC and DoJ requirements prior to allowing the merger in this case were fair, equitable, and reasonable given the situation?
Generally do you agree or disagree that the FTC and DoJ should be involved in corporate mergers of any kind?
Carefully explain.