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Rationale and expression of public policy
The case against monopoly
Antitrust response to monopoly
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agreement anticompetitive antitrust laws average cost behavior buyer cartel chapter Clayton Act collusion competitors concentration conglomerate merger Consequently conspiracy consumer welfare customers decision defendants demand curve distributors downstream stage effect efficient enforcement entry equal example excess profits exclusive dealing existence Figure firm's foreclosure geographic market horizontal illegal incentive increase industry intermediate product Journal of Law Law and Economics Law Review long-run lower price manufacturer marginal cost marginal cost curves marginal revenue market power market share market structure maximum resale prices monopolist monopoly power oligopoly patent percent potential predatory pricing price cuts price discrimination price fixing price leadership profit maximizing purchase quantity reciprocity reduce resale price maintenance restraints restrictions result retail rivals Section sell seller Sherman Act Shoe short-run Standard Oil substantial successive monopoly supplier supply curve Suppose Supreme Court theory tion total cost trade tying arrangement U.S. Steel upstream vertical integration vertical mergers violation