259

259

11.1 Corporate Mergers

260

11.2 Regulating Anticompetitive Behavior

266

11.3 Regulating Natural Monopolies

268

11.4 The Great Deregulation Experiment

271

Key Terms

274

Key Concepts and Summary

274

Self-Check Questions

275

Review Questions

276

Critical Thinking Questions

277

Problems

278
CHAPTER 12
Environmental Protection and Negative Externalities
Introduction to Environmental Protection and Negative Externalities

281

281

12.1 The Economics of Pollution

282

12.2 Command-and-Control Regulation

286

12.3 Market-Oriented Environmental Tools

287

12.4 The Benefits and Costs of U.S. Environmental Laws

290

12.5 International Environmental Issues

293

12.6 The Tradeoff between Economic Output and Environmental Protection

294

Key Terms

297

Key Concepts and Summary

297

Self-Check Questions

298

Review Questions

303

Critical Thinking Questions

303

Problems

304
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