1. (10 points) We started this section of the course with a brief discussion of the creation through merger of several trusts at the turn of the 20th century. I illustrated this movement with the harvesting equipment consolidation that created the International Harvester Corporation in 1902. Five of the leading reaper firms decided to merge their companies in order to stop the 'destructive competition' that they had been facing in the 1880s and 1890s. In light of what you know about economic efficiency and the antitrust laws, what do you think of their attempts to avoid destructive competition