1. a) With no cost savings, mergers are least likely to be more profitable if a. fewer firms in the merger b. more firms in the merger c. There is competition in quantity d. more firms in the industry b) Which of the following is true about merging firms? When= 0, a.merge will not occur b.merger to monopoly is profitable c. There is zero duplication of fixed cost d. only cost saving mergers will be profitable