Statement I.In 1997 the European Commission indirectly blocked a merger between Boeing and McDonnell Douglas by threatening to impose fines when doing business in Europe.
Statement II.Some companies,such as Barnes & Noble,have backed out of proposed acquisitions to avoid antitrust legal battles.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

European Commission

An institution of the European Union responsible for proposing legislation, implementing decisions, upholding the EU treaties, and managing the day-to-day business of the EU.

Boeing

An American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment globally.

McDonnell Douglas

A major American aerospace manufacturing corporation and defense contractor, merged with Boeing in 1997.