1: TRUE, FALSE, or UNCERTAIN [30 pts] 1. You operate a plant that manufactures widgets which customers love, and you have little in the way of competition. As a result, your profits are relatively high. Your production process requires inputs A and B, in fixed proportions. Currently you buy A from Thomas Tech, a large and efficient producer who offers speedy delivery, high quality and attractive trade credit terms. You buy B from AlKatLos Corp., who is a smaller firm, but is by far the largest producer of B, with the most efficient cost structure. You separately negotiate prices with AlKatLos Corp and Thomas Tech every year, and are fairly confident that they understand the demand curve your firm faces as well as the rest of your cost structure. You just found out that AlKatLos Corp. has bought Thomas Tech. You should expect to pay more for your use of inputs (A and/or B). [10 points]