Economics (McConnell), 18th Edition

Chapter 18: Antitrust Policy and Regulation

IN THIS CHAPTER YOU WILL LEARN:

1. The core elements of the major antitrust (antimonopoly) laws in the United States.



2. Some of the key issues relating to the interpretation and application of antitrust laws.



3. The economic principles and difficulties relating to the setting of prices (rates) charged by so-called natural monopolies.



4. The nature of "social regulation," its benefits and costs, and its optimal level.