Q

UESTION

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.

Question: Antitrust Practices and Market Power

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.

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 andcannot 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.


A

NSWER


   No. Of Words: 627
   Pages 2.508
   Type: Essay
   Price: $8.00

Anti-trust Practices xxxxxx Market Power

Name:

Institution:

Anti-trust Practices xxxxxx Market Power

Txxxxxx is a case xxxxxx of one of xxxxxx cases of antitrust investigation in xxxxxx supermarket industry. The xxxxxx xxxxxx define xxxxxx product xxxxxx geographical markets, xxxxxx xxxxxx measurement of market power. The case xxxxxx xxxxxx xxxxxx answer questions xxxxxx why xxxxxx firms xxxxxx investigated xxxxxx antitrust behaviour, xxxxxx xxxxxxs (pecuniary xxxxxx non-pecuniary) xxxxxx associated with xxxxxx antitrust xxxxxx xxxxxx identifying xxxxxx xxxxxx act under xxxxxx xxxxxx violation xxxxxx fixxxxxx. Based on our research xxxxxxings, we xxxxxx xxxxxx comment on whexxxxxxr monopolies xxxxxx oligopolies xxxxxx bad xxxxxx xxxxxx society. Txxxxxx xxxxxx xxxxxxe providing real world examples wxxxxxx xxxxxx xxxxxx xxxxxx xxxxxx case.

US Anti-trust decree constitutes xxxxxx centralized xxxxxx xxxxxx US gxxxxxxnment laws xxxxxx control xxxxxx operation xxxxxx association of business corporations. Its main objective is to promote reasonxxxxxx competition xxxxxx consumers’ xxxxxxs. The key decrees of xxxxxx law xxxxxx xxxxxx Sherman Act