6-1 Discussion: Economic Impact of Oligopolies

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6-1 Discussion: Economic Impact of Oligopolies

The United States has a variety of regulations to address the economic harm resulting from monopoly power in an industry. This includes the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914. These acts were aimed at restricting the formation of cartels and monopolies to protect consumers and ensure competition. The article The Oligopoly Problem argued that oligopolies fall through the cracks of these regulations and leave consumers unprotected from harmful business practices where industries are highly concentrated. Read the article and respond to the following in your initial post:

· What are examples of firms in an oligopolistic market that abuse their power? Explain how they abuse their power and describe the impact on consumers.

· Do you agree with the author's feelings about increased government oversight of such industries? Why or why not?

Article Link: http://www.newyorker.com/tech/elements/the-oligopoly-problem

6-1 Discussion: Economic Impact of Oligopolies
Answered by ecosmart
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Dated: 2nd Dec'17 03:02 PM
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Oligopol,.docx (14.84 KB)
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the     no   choice Examples     Companies       and   These three     Companies       concentrated   whereby they     practices       market   This action     competition       directly   of these     the       formation   price fixing     abusing       the   by fixing     controlling
oligoploy.docx (26.96 KB)
Preview of oligoploy.docx
associations     a   practice, this     by       and   and Palmolive     The       Delta   US Airways     expenses       tickets   and there     of,       American   tried to     market       methodology   which it     no       American   Credit Cards     various       Airlines   the joins     check       all   genuine openings     air       New   and Washington     strategies       dynamically   save stores/theory     clients       terrible   any economy     manufactures       estimation   money in     acquiring       you   with the     about       of   industries?