In recent businessweek news: satellite radio companies SIRIUS and XM are proposing a merger. Many customers believe this will cause a monopoly in the satellite world. Some believe this merger will create fixed prices on satellite radio seeing that Sirius and XM are the only two companies. On the other half I believe the merger will be good for satellite radio in lowering prices. Both companies prices are currently high because they are in competition with each other, canceling each others room for profit. The merger will create more profit and lower prices for customers. The Justice Dept. will make the final decision on this proposed merger.
What do you think?
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