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
A. Promoting Competition
B. Antitrust Policy
- The Sherman Antitrust Act of 1890
- The Clayton Antitrust Act of 1914
- The Federal Trade Commission Act of 1914
C. Dealing with Natural Monopoly
IV. Classwork
- Module 77 Questions on iLearn
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