Eco 2023: Micro Homework #12 Paige P Q MR D AC MC A C D B I G H F E 1

Eco 2023: Micro

Homework #12

Paige

1. Identify by letter each of the following:                                                                

            a. the Q produced by the unregulated monopoly.

            b. the P charged by the unregulated monopoly.

            c. the Q produced by the regulated monopoly under MC pricing.

            d. the P charged by the regulated monopoly under MC pricing.

            e. the Q produced by the regulated monopoly under AC pricing.

            f. the P charged by the regulated monopoly under AC pricing.

2. Give 3 examples of companies in the US that have or have had a monopoly.     

   (virtual or local monopolies are fine).

3. Explain how horizontal, vertical and conglomerate mergers differ.                     

4. Find one website on the Microsoft or AT&T antitrust cases.  Give a brief summary and provide the link.

5. Describe each of the behaviors outlawed under the Clayton Act if used to substantially reduce competition.