6

The DOJ's (hypothetical) brief in opposition to the merger contains the following opening sentence: "T-Mobile and Sprint are very different types of cellular carriers compared to AT&T and Verizon. While T-Mobile and Sprint appeal to the "hip crowd" AT&T and Verizon appeal to the "boring crowd." Assume this is true. Qualitatively discuss the importance of this fact to the DOJ's opposition to the merger. Hint: what part of the analysis above would you need to reconsider?