economic analysis of antitrust laws (monopoly)
instructions:
short paper: The length of the paper must be three pages (Times New Roman font size 12, number your pages, and double spaced) pages
Graphs, tables, and references are beyond these three pages.
You should find a newspaper article that deals with a topic covered in this class.
In order to get an A or B on the paper, you must use economic analysis
to explain the issue in the article. Papers that do not
include any economic analysis will receive a grade of C, at
best. Poorly written papers without economic analysis will receive a grade of F.
my instruction
since the professor gave us the freedom to choose any topic we studied in class I choose monopolies any why there should be antitrust laws. the professor wants an economic analysis. the lecture slides regarding monopolies is attached. in addition, I also attached the course syllabus
Solution Preview
Antitrust laws are statutes that were established by the U.S federal government to protect the consumer from market dominance business practices by ensuring that fair competition exists in an open market. Without antitrust laws, therefore, a business monopoly would carry the day and hinder the production of new product and services. Monopoly is an industry or corporation that exists to dominate a free market and become large enough to own all the market in a particular supply of a given product. The monopoly exists to have total control of the market preventing other investors to do business in a given market.
(1,235 words)