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38) The GDP price index in the united states in 2000 was about 90, and
real GDP in 2000 was $11.0 million (2005 dollars).
39) The table shows the demand and supply schedules for hot chocolate.
40) The BLS survey reported the number in the table for a small
community of 260 people.
41) Ray hires students in the summer to sell magazine subscriptions.
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ECON 312 Week 3 Assignment Antitrust Review Case
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Question: Antitrust Practices and Market Power
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.
· Why was/were the firm(s) investigated for antitrust behavior?
· Identify some of the costs (pecuniary and nonpecuniary) 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? Be sure to provide