Answer the following questions.
Question 1) Write down the main provisions of each of the following: Sherman Act, Clayton Act, Federal Trade Commission Act, and Celler-Kefauver Act.
Question 2) Write the main issues in antitrust enforcement by reviewing decisions in U.S. Steel, Alcoa, and DuPont cellophane Supreme Court cases.
Question 3) Identify three present economic goals which may conflict with strict enforcement of antitrust laws.
Question 4) Analyze effectiveness of antitrust laws by noting how they have been applied to existing market structures, mergers, and price fixing.
Question 5) Differentiate between three types of merger.
Question 6) Describe how the Herfindahl index is used as the guideline by government in deciding whether to permit horizontal mergers.
Question 7) Identify the options which government might use when a natural monopoly exists.
Question 8) Describe why the regulated monopoly doesn’t have the incentive to reduce costs.
Question 9) Describe two main problems encountered in regulating natural monopolies.
Question 10) Mention the main arguments for and against social regulation.