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In the Case Opener, a decision of the Federal Trade Commission (FTC) blocking a proposed merger between Polypore and Microporous Products was appealed on the basis that it would substantially lessen competition. Which of the following was the result on appeal?
Multiple Choice
a) That the FTC erred in treating the merger as a vertical merger instead of a horizontal merger and that the proposed merger should have been allowed to proceed.
b) That the FTC erred in determining that the proposed merger would substantially lessen competition and that the merger should have been allowed to proceed.
c) That the FTC erred in asserting jurisdiction over the dispute and that the matter would be remanded to the federal district court.
d) That the FTC properly determined that a horizontal merger was involved that would substantially lessen competition.
e) That although the FTC erred in treating the merger as a horizontal merger rather than as a vertical merger, the Commission properly determined that the proposed merger would substantially lessen competition.

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