Antitrust Practices and Market Power

| October 22, 2018

Question: Antitrust
Practices and Market Power
Research authoritative
articles using the news and the DeVry Online Library (.devry.edu/”>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.
1. Why was/were the firm(s)
investigated for antitrust behavior?
2. 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.
3. 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.
4. 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 sourcefor 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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