1-Suppose that a business has developed a very high-quality product and operates more efficiently in producing...
1-Suppose that a business has developed a very high-quality product and operates more efficiently in producing that product than any other potential competitor. As a consequence, at present it is the only seller of this product, for which there are few close substitutes. Is this firm in violation of U.S. antitrust laws? Explain.
Homework Answers
Such monopoly power has been achieved by making an investment in the research and development activities. Such investment raises the quality of products and other firms hardly match such an improvement in the quality of the product. The Justice Department can not take action against the such a monopoly. Antitrust law will be applicable only where the monopoly power is gained through the manipulation of competitive forces.
Any combination or acquisition which is pursued to increase monopoly power comes under the scrutiny of the justice department. Such combinations are declared as null and void if the competition is compromised.
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1-Suppose that a business has developed a very high-quality
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can you please help me with these problems .
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