As part of the Modification of Final Judgment (MFJ) that implemented the divestiture of the Bell operating companies (BOCs) from AT&T on January 1, 1984, the BOCs were forbidden to carry telephone calls from one local access and transport area LATA) to another. Although the Telecommunications...

The 1992 Horizontal Merger Guidelines, issued by the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC), suggest that relevant markets for merger analysis may be defined for classes of customers on whom a hypothetical monopolist of the merging firms' products would likely...