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principles of economics

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Question;Question: Antitrust Practices and Market PowerResearch 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 aminimumof 300 words in essay format in APA style, using correct economic terms. 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 StructureOligopoly Market StructureBarriers to Entry Into the MarketNatural MonopolyGovernment MonopolyDownward Sloping Demand CurveEconomies of ScalePrice FixingCollusionMonopoly PricingPrice MakerMarket PowerEconomic ProfitsImperfect CompetitionRent-Seeking BehaviorX-InefficiencyDeadweight Loss to SocietyMarginal CostMarginal RevenueAntitrustYou must use at minimum at least one article from the DeVry Online Library. Cite all your references in APA format.

 

Paper#58124 | Written in 18-Jul-2015

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