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Homework answers / question archive / DeVry University, Chicago ECON ECON312 Chapter 19 1)What are the basic purposes of antitrust policy?     2

DeVry University, Chicago ECON ECON312 Chapter 19 1)What are the basic purposes of antitrust policy?     2

Economics

DeVry University, Chicago

ECON ECON312

Chapter 19

1)What are the basic purposes of antitrust policy?

 

 

2. Briefly describe the historical background that gave rise to antitrust and regulation in the United States.

 

 

3.  Explain: “Antitrust is basically pro-business, because it is antimonopoly. To believe that it is antibusiness is to believe that monopoly is pro-business.”

 

 

4.  What was the importance of the Federal Trade Commission Act of 1914?

 

 

5.  What historic legal cases support the behavioralist and structuralist views of the antitrust laws? What has been the recent view of antitrust laws?

 

 

 

 

6.  Describe the three types of mergers and give examples.

 

 

 

7.  On occasion the government has approved the merging of certain smaller firms in oligopolistic industries (such as steel and automobiles) on the grounds that the net result would strengthen competition. Do you think that this is sound policy? Justify your answer.

 

 

 

8.  What has been the general approach to the enforcement of antitrust laws based on the type of mergers and price fixing?

 

 

 

9.  How is price fixing treated under antitrust policy? Give two examples of legal actions against price fixing.

 

 

10.  Explain: “An effectively regulated natural monopoly will have trouble attracting capital to sustain and modernize its facilities.”

 

 

 

11.  What have been the major outcomes from deregulation of industry? Give three examples of changes in particular industries.

 

 

12.  What are the major differences between “industrial” regulation and “social” regulation? Cite examples of Federal commissions that address the two types of regulation.

 

 

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