Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

It was discussed how the appropriate institutions in the U.S exploit Antitrust Laws and their effects on regulating mergers in non-competitive industries. How concentrated is

It was discussed how the appropriate institutions in the U.S exploit Antitrust Laws and their effects on regulating mergers in non-competitive industries.

  1. How concentrated is the publishing industry? Would you qualify competition in this industry as Cournot, Bertrand, cartels, or monopolistic? Explain.
  2. What motivates the Department of Justice's decision to sue to block the merger of Penguin Random House and Simon & Schuster? Explain clearly using concepts related to the course.
  3. In your opinion, what could be the outcome of this case in court? Elaborate on your thoughts.

The U.S. Department of Justice. (November 2, 2021).Justice Department Sues to Block Penguin Random House's Acquisition of Rival Publisher Simon & Schuster[Brochure]. Retrieved from https://www.justice.gov/opa/press-release/file/1445916/download

Kendall, Brent, and Trachtenberg, Jeffrey. (November 2, 2021).Justice Department Sues to Block Penguin Random House's Acquisition of Simon & Schuster. Wall Street Journal. [Editorial] . https://www.wsj.com/articles/justice-department-sues-to-block-penguin-random-houses-acquisition-of-simon-schuster-11635866422

Alter, Alexandra, Harris, Elizabeth, A., and McCabe, David. (November 2, 2021). Justice Dept. Sues Penguin Random House Over Simon & Schuster Deal. The New York Times. [Editorial]. Retrieved from https://www.nytimes.com/2021/11/02/books/penguin-random-house-simon-schuster-merger-lawsuit.html

Suarez, Ray. (August 31, 2011). DOJ Makes 'Audacious' Move to Block $39B AT&T, T-Mobile Merger. PBS NewsHour. [Video file]. https://www.youtube.com/watch?v=-XquULysO1E

The U.S. Federal Trade Commission. (n.d.). Mergers [Brochure]. Retrieved June 16, 2020, from https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/mergers

Carew, Sinead, andPelofsky, Jeremy. (AUGUST 31, 2011, 9:52 AM). U.S. moves to block AT&T, T-Mobile deal. WASHINGTON/NEW YORK (Reuters). [Editorial]. Retrieved from https://www.reuters.com/article/us-att-tmobile/u-s-moves-to-block-att-t-mobile-deal-idUSTRE77U39220110831

Cane, Jeffrey, De La Merced, Michael, and Protess, Ben. (AUGUST 31, 2011, 10:56 AM). U.S. Moves to Block AT&T Merger with T-Mobile. The New York Times. [Editorial]. Retrieved from https://dealbook.nytimes.com/2011/08/31/u-s-moves-to-block-att-merger-with-t-mobile/

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of Inequality

Authors: Thomas Piketty, Arthur Goldhammer

1st Edition

0674504801, 9780674504806

More Books

Students also viewed these Economics questions

Question

=+can you write alternative statements that are better?

Answered: 1 week ago