1. For each of the statements below, indicate whether they are "true" or "false," and give a brief explanation of your reasoning. (NB: One or two well- explained sentences are perfectly fine as a "brief" explanation.) A. In reviewing horizontal mergers in the U.S., the FTC and DOJ apply a formula to determine if they will challenge a merger. B. In order for a merger to be declared illegal, there must be certainty about the anticompetitive effects it will cause. C. If one of the merging firms has only 5% market share in the relevant market, then the merger will not be challenged. D. Suppose that Firm A doesn't believe that Firm B is a "true competitor" for them. Firm A produces a luxury product and they think of Firm B's product as being inferior. In a merger case, regulators would therefore not consider Firm A and Firm B to be in the same market. E. If a firm is not currently a monopolist in a market, then the SSNIP test is irrelevant since the firm in question cannot currently raise prices