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The agreements to curb cold-calling of each others' workers, the Justice Department complaint said, "diminished competition to the detriment of the affected employees who were likely deprived of competitively important information and access to better job opportunities".
That implies, in turn diminished competition, higher banking costs for businesses and increased systemwide risk.
Unlike the participants in other big mergers, the accountancy firms have offered no concessions to ease concerns about diminished competition.
Consumer advocates say mergers in the refining business have diminished competition and made it easier for the companies to limit supplies of gasoline and extract higher prices.
But he warned that the industry would suffer from diminished competition if Advanced Micro, which is not expected to turn a profit again until the end of 2002, cannot afford to invest in its future generations of microprocessors.
The American Council of Life Insurance told the S.E.C. that the Investment Company Act had actually hurt the prospects for expansion and had diminished competition in the industry regarding variable life insurance and some annuity contracts.
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Nasdaq argues that the tie-up will not diminish competition since there is no competition.
Hoarding both functions confers monopolistic power to rig the market and to diminish competition.
They also fear that the influence of former officials diminishes competition and hurts consumers.
Such preferential treatment diminishes competition and innovation and therefore reduces economic efficiency.
The Justice Department said the deal could "unreasonably diminish competition between Verizon and the cable defendants — competition that is critical to maintaining low prices, high quality and continued innovation".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com