Question:
Practices and
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.
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.
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
- Economic Profits
- Imperfect Competition
- Rent-Seeking Behavior
- X-Inefficiency
- Deadweight Loss to Society
- Marginal Cost
- Marginal Revenue
Market Power
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 and
cannot 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.
Writing in APA format [Use APA template in Doc Sharing]:
·
Title page or name on paper
· Introduction paragraph
· Body of paper paragraph(s) with in-text citations provided for sources used
· Conclusion paragraph
· Reference(s)