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To research authoritative articles using news and the DeVry online Library for a recent case of antitrust investigation. Based on the case selected, the following questions should be answered.
1. Why was the firm investigated for antitrust behavior
2. Identify some of the costs-pecuniary and non pecuniary 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? Besure to provide real world examples of where this may be the case to strengthen your position.
4. Provide at least one example of a case where having a monopoly or oligopoly may actually benefit the society.Write a report minimum of 300 words in an essay format, with APA style.
Key concepts to include in paper areMonopoly market structureOligopoly market structureBarriers to Entry into the marketNatural MonopolyGovernment monopolyDownward sloping demand curveEconomies of scalePrice FixingCollusionMonopoly pricing Price MakerMarket powerAntitrustEconomic profitsImperfect competitionRent-seeking behaviorX-inefficiencyDeadweight loss to societyMarginal costMarginal revenue
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