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1.The United States Department of Justice enforces the Sherman Anti-trust Law. Read the following document located at: https://www.justice.gov/atr/price-fixing-bid-rigging-and-market-allocation-schemes In a 2 pa-ragraph summary, explain what
1.The United States Department of Justice enforces the Sherman Anti-trust Law. Read the following document located at:
https://www.justice.gov/atr/price-fixing-bid-rigging-and-market-allocation-schemes
In a 2 pa-ragraph summary, explain what some of the most common forms of collusion and anti-trust violations are and how the US Justice Department enforces the Sherman Act to promote competition.
2.Explain how a monopolist can increase profits by price discriminating. What are the conditions necessary for price discrimination?
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