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Problem 1 Problem 2 Problem 3 Problem 4 Problem 5 Problem 6 Problem 7 Problem 8 Problem 9 Problem 10 Problem 11 Problem 12 Problem 13 Problem 14 Problem 15 Problem 16 Problem 17 Problem 18 Problem 19 Problem 20 Problem 21 Problem 22 Problem 23 Problem 24 Problem 25 Problem 26 Problem 27 Problem 28 Problem 29 Problem 30 Problem 31 Problem 32 Problem 33 Problem 34 Problem 35 Problem 36 Problem 37 Problem 38 Problem 39

Problem 5 Easy Difficulty

Why would a firm choose to use one or more of the anticompetitive practices described in Regulating
Anticompetitive Behavior?

Answer

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Principles of Microeconomics for AP® Courses

Chapter 11

Monopoly and Antitrust Policy

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Firm Behavior and the Organization of Industry

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Video Transcript

So we want to know why firms use anti competitive practices. So some anti competitive practices may include minimum resale price agreements, exclusive dealings or tying sales. And the answer to this is simply to make profits. What every firm seeks to do is to maximize their profits now the use anti competitive practices because it allows them to reduce competition in some regard and by doing so, kind of captures in, maintains a section off the market and may behave us a monopoly in some ways. But the big thing here is that they want to make profits, and so they're going to use, you know, any loopholes or anything that they're allowed to do in order it to reach that goal off profit maximizing.

We have video lessons for 95.33% of the questions in this textbook
Steven A. Greenlaw, David Shapiro, Timothy Taylor

Principles of Microeconomics for AP® Courses

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