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1.What does the documentary mean that anti-trust laws depend on politics more than any other area of law? Use concepts like: Opportunity cost Supply and

1.What does the documentary mean that anti-trust laws depend on politics more than any other area of law?

Use concepts like:

Opportunity cost

Supply and demand

Advantages of competition (both allocative and productive efficiency)

What determines a market power

Characteristics of monopolies

Disadvantages of monopolies

How monopolies can be regulated

Incentives

Unintended consequences

These are just some of the

terms/concepts that areexamplesof

what a very good paper would use. This is your opportunity to show me you

learned how to think like an economist.

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