Marketplace Radio Gets Economics of AT&T Merger Wrong

Marketplace Radio had a segment on the proposed merger of AT&T and T-Mobile. It reported that AT&T argued that the acquisition of T-Mobile would allow it to better serve consumers by giving it a large number of cell phone towers in areas where AT&T currently provides inadequate coverage. The segment then said that the Federal Communications Commission (FCC) saw things differently. They blocked the merger because they argued it would lead to excessive concentration and higher prices for...