Discussion

Explanation:

ED is a mandatory pair. The earlier power of the ‘editors’ in D is referred to as ‘mighty fountain pens’ in E. Again, ‘first’ in E has to be followed by ‘then’ in D to point out a sequence of events.
Between sentences A and C as introductory sentences, A is more suitable. Sentence C should follow B, as ‘alliances and agreements’ mentioned in B will have to be ‘inked and finalized’ (sentence C). Therefore, BC is another mandatory pair. B follows ED. It continues with the time sequence – first (E), then (D) and now (B). Therefore, we get AEDBC.

Hence, the correct answer is option 4 

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