AP Economics – 1/07/2020

I.  Bellwork  

  • A.  Page 761 MC 1-5
  • B.  Page 762 #2 a & b

II.  Objectives

  • Identify the three major antitrust laws and describe how they are used to promote competition
  • Explain how government regulation is used to prevent inefficiency in the case of natural monopoly
  • Discuss the pros and cons of using marginal cost pricing and average cost pricing to regulate prices in natural monopolies

III.  Discussion:  Public Policy to Promote Competition pages 763-766

-Episode 28: Regulation

A.  Promoting Competition

B.  Antitrust Policy

  1. The Sherman Antitrust Act of 1890
  2. The Clayton Antitrust Act of 1914
  3. The Federal Trade Commission Act of 1914

C.  Dealing with Natural Monopoly

IV.  Classwork

  • Module 77 Questions on iLearn


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