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Monopoly and Antitrust Policy

11

FIGURE 11.1 Oligopoly versus Competitors in the Marketplace Large corporations, such as the natural gas

producer Kinder Morgan, can bring economies of scale to the marketplace. Will that benefit consumers, or is more

competition better? (Credit: modification of “Aerial view of Kinder Morgan Brisbane Terminal” by Chiara Coetzee/

Flickr Creative Commons, Public Domain)

CHAPTER OBJECTIVES

In this chapter, you will learn about:

• Corporate Mergers

• Regulating Anticompetitive Behavior

• Regulating Natural Monopolies

• The Great Deregulation Experiment

Introduction to Monopoly and Antitrust Policy

BRING IT HOME

More than Cooking, Heating, and Cooling
If you live in the United States, there is a slightly better than 50–50 chance your home is heated and cooled using

natural gas. You may even use natural gas for cooking. However, those uses are not the primary uses of natural gas
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