The Federal Trade Commission ________ the merger between AT&T and T-Mobile because the merger was projected to ________.
◦ did not approve; increase the HHI by at least 700 points and reduce market competitiveness
◦ approved; increase the HHI by only 700 points and not substantially affect market competitiveness
◦ approved; decrease the HHI by almost 500 points
◦ did not approve; increase the four-firm concentration ratio by 20 percent
◦ did not approve; cause the firms to engage in predatory pricing