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It's a familiar argument in anti-merger proceedings against two prospective partners, and you've probably read it plenty of times before: With a manageable plurality of competitors in any market, it's easier for the market to settle upon competitive price points. But when you make an argument any number of ways, any number of times, at some point you're bound to say something that your opponent just may be able to poke a hole in.
That's what might have happened yesterday with the U.S. Justice Dept.'s objection to AT&T's proposed takeover of T-Mobile, filed yesterday in D.C. District Court. The DOJ team was making a point about the positive, beneficial state of affairs in the current wireless market.