PPT-Monopoly and Antitrust

Inefficiency of Monopoly Competitive Outcome P P C MC Q Q C Monopoly Outcome P M gt P C MC Q Q M lt Q C MR D MC Q M P M Q C Comp Monop CS PS Welfare DWL. through International Arbitration. Phillip Landolt. p.landolt@. sunrise.ch. OECD Hearing on Arbitration and Competition Law, 26 October 2010. Overview. of . Presentation. (1 of 2). Prevalence of international arbitration in dispute settlement. A. Antitrust (anti-monopoly) laws . 1. Sherman Act of 1890. 2. Clayton Act of 1914. 3. Federal Trade Commission Act. -- . Monopolists . tend to produce less and charge more.. -- Regulatory Agencies control economic behavior (Dept of Justice, Fed Trade . Spencer . Weber . Waller. Professor . Loyola University Chicago School of . Law . Director of the Institute . for Consumer Antitrust . Studies. Matthew Sag. Professor Loyola University Chicago School of Law . April 11, 2013. Laura A. Wilkinson. Weil, . Gotshal. & . Manges. LLP. Background. Most trade associations, . standard-setting . organizations . (. SSOs) and other forums where competitors interact . Prevention as the goal. Antitrust & Competition Law Compliance Network. http://www.compliance-network.com. . . Compliance & Ethics Programs. Compliance and ethics programs have been recognized as . Laws in the US. When is it okay to be a monopolist?. Acquiring Monopoly Status. Government and court systems recognize firms and individuals who hold patents or copyrights.. Patents. Patents have a life of 20 years from filing date. Design patents last only 14 years.. • How Monopolies Form and Survive: Barriers to Entry. • How a Profit-Maximizing Monopoly Chooses Output and Price. • What are the Welfare Effects of a Monopoly. A . pure. monopoly is where . one. Monopoly. Opposite of PC. Occurs when output of entire industry is produced and sold by a single firm referred to as . Monopolist. Characteristics of . Pure Monopoly. Single supplier . – . the firm and the industry are the same.. 5.3.3. Learning Outcomes. To understand the meaning of the term ‘monopoly’.. To appreciate what is meant by monopoly power and how this can influence a firm’s behaviour.. To understand the main disadvantages and advantages of a firm having monopoly power. . Slide 2 presents a table that can be printed for each student. For best results, use "landscape" page orientation.. Slides 3 through 10 plots and draws marginal revenue, marginal cost, average total cost, and average revenue (demand), respectively.. Compliance . Bootcamp. (5/15). This presentation is similar to any other legal education materials designed to provide general information on pertinent legal topics. The statements made as part of the presentation are provided for educational purposes only. They do not constitute legal advice nor do they necessarily reflect the views of Holland & Hart LLP or any of its attorneys other than the speaker. This presentation is not intended to create an attorney-client relationship between you and Holland & Hart LLP. If you have specific questions as to the application of law to your activities, you should seek the advice of your legal counsel.. The word Monopoly is a combination of two words in which “mono” implies “single” and “poly” means “seller”. Therefore, the market controlled by a sole trader is said to a Monopoly market.. Graph Time . Regular Monopoly . Natural Monopoly. Welfare Effects of Monopoly. Under a perfect competition the market price is the sales price leading to an efficient outcome, both productively and allocatively . Acknowledgments. This PowerPoint presentation is based on and includes content derived from the following OER resource:. Principles . of Microeconomics. An OpenStax book used for this course may be downloaded for free at:.