This topic contains a solution. Click here to go to the answer

Author Question: What is an attempt to monopolize an industry? What will be an ideal ... (Read 15 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
What is an attempt to monopolize an industry?
 
  What will be an ideal response?

Question 2

Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the market for motorcycles at the intersection of D1 and S1 (point A). If there is a surplus of motorcycles how will the equilibrium point change?
 
  A) The equilibrium point will move from A to E.
  B) The equilibrium point will move from A to B.
  C) There will be no change in the equilibrium point.
  D) The equilibrium point will move from A to C.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

af

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

In theory, attempts to monopolize an industry mean a firm is trying to become a monopoly. In practice, attempts to monopolize an industry are more difficult to define and are a matter of interpretation by the courts. The rule of reason seemed to say that size alone doesn't constitute an attempt to monopolize as in the 1920 U.S. Steel case. But the rule of reason was overturned when size did matter as in the 1945 Alcoa case. Even in more recent cases, it is difficult to predict what the court will define as an attempt to monopolize. Decisions continue to be divided in this area of the law.

Answer to Question 2

C




waynest

  • Member
  • Posts: 553
Reply 2 on: Jun 29, 2018
Wow, this really help


ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

For a complete list of videos, visit our video library