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[1 point] Monopoly Hypothesis. Assume the three firms in the sector decide to merge. 7.1. [0.25 points] How does it affect prices, quantities and profits?

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[1 point] Monopoly Hypothesis. Assume the three firms in the sector decide to merge. 7.1. [0.25 points] How does it affect prices, quantities and profits? (W. \"and verbal answers). 7.2. [0.25 points] How does it affect consumers? Are they better or worse off? DI, - and verbal answers). 7.3. [0.5 points] Given your type of product, do you think that antitrust authorities could block the merger? Why? (verbal answer)

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