ECO 204 Week 4 DQs

Apr 16th, 2015
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Week 3 DQDQ 1:Numerous times in history, the courts have issued consent decrees requiring largecompanies to break up into smaller competing for violating the antitrust laws. The two bestknown examples are American Telephone and Telegraph (AT&T) in the 1980s and Microsoft 20years later. (AT&T was broken up into the Baby Bells; but the Microsoft breakup wassuccessfully appealed, and the breakup never occurred.) Many argue that breaking up monopolyis a Pareto- Efficient change. This interpretation cannot be so because breaking up a monopolymakes its owner (or shareholders) worse off. Do you agree or disagree? Explain your answer.Pareto efficiency is a change which no change is possible that will make some membersof society better off without making some other member of society worse off (Case, Fair & Osterp. 248) and a monopoly is an industry composed of only one firm that p

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