And then it said, well, gosh, then if these two combine, there'd be no competition in the market. That is an idiotic way to look at it. This. They literally hurt the lowest cost competitors. And it is the presence of low cost competitors and competitors fighting with each other that drives down prices. And the consequence is they left the lowest cost provider completely vulnerable. (19:48–19:53)
CLAIM
Asserts that blocking the merger harmed low-cost competitors.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
