Market power and economics of exhaustible resources

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The merger of Comcast and Time Warner is creating a cable television network with control of 75% of the U.S. market. Much of what we know about monopoly suppliers also applies to concentration in consumption (monopsony). After reading Comcast Eyes Time Warner Cable and Unprecedented Market Power and The Economics of Exhaustible Resources, search online for reports on legal actions by the government against a firm for exercising too much market power. Choose one court case and summarize it, including the events leading to the court case. Connect the main points of the case to the module readings.]

Reference no: EM131166404

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