5. Qualcomm Faces European Comptetition Probe over Claims of Predatory Pricing, The European Union Competition Chief said: " We are launching these investigations because we want to be sure that high tech supplies can compete on the merits of their products" Qualcomm responded that the claims were "without merit". On similar grounds, Qualcomm was fined in China for a bit below one billion dollars. Please, read article below: http://www.ft.com/intl/cms/s/0/ae2ac1fc-2697-11e5- 8613-e7aedbb7bdb7.html#axzz3hW8AIA38 QUESTIONS: (i) Qualcomm is a US company. Hence, why do the Europeans and China want to fine Qualcomm? (ii) In probing for predatory pricing should we consider the ATC or the MC? (ifi) In most places, in the market for baseband processors Qualcomm's market share is about two thirds. Does this mean that Qualcomm could