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What were the three main reasons that led Cade to block the merger between Kroton and Estácio? I - The concentration of the market that the merger...

What were the three main reasons that led Cade to block the merger between Kroton and Estácio?

I - The concentration of the market that the merger would generate, with the two largest Brazilian companies in the sector joining forces.
II - The difficulty for new companies to enter the market.
III - The lack of efficiency that would compensate for the competition problems found.
a) Only I is correct.
b) Only II is correct.
c) Only III is correct.
d) I and II are correct.
e) I, II, and III are correct.

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The correct alternative is "d) I and II are correct." The three main reasons that led Cade to block the merger between Kroton and Estácio were: I - The concentration of the market that the merger would generate, with the two largest Brazilian companies in the sector joining forces. II - The difficulty for new companies to enter the market.

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