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Identify some of the costs (pecuniary and nonpecuniary) associated with the antitrust behavior (firms having power in the market).

Question: Antitrust Practices and Market Power

Research authoritative articles using the news and the article provided 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.

Some of the 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


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