Economic Theory and the Antitrust Dilemma

acquisition agreement Alcoa analysis antitrust laws approach argued assumption behavior charge Clayton Act collusive commodity companies competition and monopoly competitive markets competitors concentration conduct conspiracy consumers cost curve customers decision defined definition demand curve differentiation difficult duopolist economic economists effect efficiency elasticity empirical entry equilibrium evidence example exist factors Federal Trade Commission Figure firm's Ibid illegal imply important industry Justice lessen competition manufacturers marginal cost marginal revenue market power market share market structure measure merger monopolistic competition monopoly monopoly power number of firms oligopolistic oligopoly optimal output patent payoff matrix percent performance position possible precisely price discrimination price leadership problem profit maximization profit rates public policy pure competition quantity question ratio reason relatively result retail rivals Robinson-Patman Act seller Sherman Act significant specific Standard Steel strategy substantial substitute Supreme Court theory tie-in tion utility workable competition