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antitrust laws

Research authoritative articles using the news and the DeVry Online Library (http://library.devry.edu) for a recent case of

antitrust investigation. You are free to choose a case from any industry and any

part of the world. Based on the case you have selected, answer the following

questions.

Why was/were the firm(s) investigated for antitrust

behavior?

Identify some of the costs (pecuniary and

nonpecuniary) associated with the antitrust behavior (firms having power in the

market). Additionally, note the specific antitrust act (Sherman Act, Clayton

Act, etc.) under which the violation was investigated.

Given your research and findings, are monopolies and

oligopolies (firms demonstrating power) always bad for society? Be sure to

provide real world examples of where this may be the case to strengthen your

position.

Provide at least one example of a case where having

a monopoly or oligopoly may actually benefit the society.

 

 

 

Based on your findings to the questions listed above,

write a report with a minimum of 300 words in essay format in

APA style (use the APA template in Doc Sharing), using correct

economic terms covered in the discussions. If you ONLY write 300 words, you

probably won’t be able to fully answer the questions.

Key concepts to include in your paper include the

following.

 

Monopoly Market Structure

Oligopoly Market Structure

Barriers to Entry Into the Market

Natural Monopoly

Government Monopoly

Downward Sloping Demand Curve

Economies of Scale

Price Fixing

Collusion

Monopoly Pricing

Price Maker

Market Power

Economic Profits

Imperfect Competition

Rent-Seeking Behavior

X-Inefficiency

Deadweight Loss to Society

Marginal Cost

Marginal Revenue

Antitrust

You must use at minimum at least one article from the

DeVry Online Library. Note: Although your textbook is a good source of

knowledge, it is NOT an article and cannot be the only

source for the assignment. Cite all your references in APA format. You

can use the Citations & Bibliography function of Microsoft Word, which is

 

found under the References tab.

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