Answer the following questions:

1. Go to Federal Trade Commission (FTC) and read the page that opens before answering this question. In the US, The Department of Justice (DOJ) and the Federal Trade Commission (FTC) enforce the Sherman Antitrust Law and the Clayton Act.

1.1. List and briefly discuss the three major objectives for Anti-Trust Legislation.

-Protect the process of competition for the benefit of consumers

-Make sure there are strong incentives for business to operate in a strong efficient way.

-To keep the price down and the quality of work up

1.2. Briefly discuss which of the Anti-Trust Acts specifically restricts mergers and identify what the major concern about mergers?

1.3. Go to the linked FTC webpage and follow the instructions to get to the reading necessary to answer the question

Click on SINGLE FIRM CONDUCT on the Left-hand side.

Click on Monopolization Defined

Question 1.3 Briefly discuss the key factor and conditions that would result in the FTC saying a firm is a monopoly.

2. Go to the Department of Justice https://www.justice.gov/atr/herfindahl-hirschman-index and use the information on Herfindahl-Hirschman Index (HHI) and merger information to answer the following questions.

Assume the following table represents Data on the US Printing Industry.

Data for Printing Industry
Company		Revenue Millions	% of Market
LSC Comm		3100	20%
Quad/Graphics		4131	26%
Taylor Printing		3055	19%
The Command Web Group		2100	13%
Walsworth Printing		987	7%
Uniprint		787	6%
Xerox		750	5%
ARC Document Service		459	4%

2.1 Calculate the HHI Index for this industry (show your calculations in the space below).

2.2 Briefly explain whether the printing industry is concentrated using the DOJ criteria that you read on the DOJ website.

Question 3. In June 2019 Quad/Graphics announced it was going to acquire LSC Communications of Chicago.

3.1 Recalculate the Post Merger HH Index from the sample data (Show your work)

3.2 Would the DOJ accept this merger? Explain using DOJ criteria.

Question 4. Find the complaint on the DOJ website for the Quad/Graphics - LSC Merger.

4.1 What was the HHI criteria that was noted in the complaint?

4.2 "Google" the merger and briefly discuss the outcome. Make sure to include Quad/Graphics responsibility it LSC Communications for rescinding the offer.

Question 5. Discuss why Oligopolist Firms are described as "interdependent"

Question 6. What is game theory and how does it help us understand the behavior of Oligopolies