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Public Policy to Promote Competition

Module. Micro: Econ:. 41. 77. Public Policy to Promote Competition. KRUGMAN'S MICROECONOMICS for AP*. Margaret Ray and David Anderson. What you will learn in this Module :. The three major antitrust laws and how they are used to promote competition.

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Public Policy to Promote Competition

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  1. Module Micro: Econ: 41 77 Public Policy to Promote Competition • KRUGMAN'S • MICROECONOMICS for AP* Margaret Ray and David Anderson

  2. What you will learnin thisModule: • The three major antitrust laws and how they are used to promote competition. • How government regulation is used to prevent inefficiency in the case of natural monopoly. • The pros and cons of using marginal cost pricing and average cost pricing to regulate prices in natural monopolies.

  3. Promoting Competition and Efficiency • Antitrust laws • Price regulation

  4. Antitrust Laws • Sherman Act • Clayton Act • FTC Act

  5. Price Regulation • Marginal-cost pricing • Average-cost pricing

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