competition?

15. Why can it be difficult to decide what a “market” is for purposes of measuring competition?

16. What is a minimum resale price maintenance agreement? How might it reduce competition and when

might it be acceptable?

17. What is exclusive dealing? How might it reduce competition and when might it be acceptable?

18. What is a tie-in sale? How might it reduce competition and when might it be acceptable?

19. What is predatory pricing? How might it reduce competition, and why might it be difficult to tell when it

should be illegal?

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20. If public utilities are a natural monopoly, what would be the danger in deregulating them?

21. If public utilities are a natural monopoly, what would be the danger in splitting them into a number of

11 • Critical Thinking Questions 277

separate competing firms?

22. What is cost-plus reg
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