Carnegie Railroad buys and uses a lot of steel to

Carnegie Railroad buys and uses a lot of steel to construct railroads. It buys it from a number or private steel producers.

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Carnegie Railroad buys and uses a lot of steel to construct railroads. It buys it from a number or private steel producers. After some consideration it decides to buy one of the steel suppliers, the one that appears most profitable, and to make its own steel. The Federal Trade Commission (FTC) however decides that this merger is anti-competitive (monopolistic) and prevents the deal. Do you think the FTC is right – why or why not?

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