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Chapter 11: Q. 5 (page 271)
Why would a firm choose to use one or more of the anticompetitive practices described in Regulating Anticompetitive Behavior?
For profit maximization.
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What is exclusive dealing? How might it reduce competition and when might it be acceptable?
What is a tie-in sale? How might it reduce competition and when might it be acceptable?
Use the following information to answer the next three questions. In the years before wireless phones, when telephone technology required having a wire running to every home, it seemed plausible that telephone service had diminishing average costs and might require regulation like a natural monopoly. For most of the twentieth century, the national U.S. phone company was AT&T, and the company functioned as a regulated monopoly. Think about the deregulation of the U.S. telecommunications industry that has occurred over the last few decades. (This is not a research assignment, but a thought assignment based on what you have learned in this chapter.)
What are some of the benefits of the deregulation?
Is it true that the four-firm concentration ratio puts more emphasis on one or two very large firms, while the Herfindahl-Hirshman Index puts more emphasis on all the firms in the entire market? Explain briefly.
What is predatory pricing? How might it reduce competition, and why might it be difficult to tell when it should be illegal?
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