Authors libby rittenberg 880

applied with greater consideration of its implications for the competitiveness of U.S businesses against Asian, European, and other firms Whether or not antitrust laws among nations will be made more compatible with each other is an issue for the future We saw that there are many different schools of thought concerning regulation One group believes that regulation serves the public interest Another believes that much current regulation protects regulated firms from competitive market forces and that the regulators are captured by the firms they are supposed to regulate Yet another group points out that the regulators may little more than serve their own interests, which include increasing the bureaucratic reach of their agencies Finally, the chapter looked at the complex issues surrounding consumer protection regulations Consumer protection legislation has costs, borne by consumers and taxpayers Economists are not in agreement concerning which, if any, consumer protection regulations are warranted They agree, however, that market incentives ought to be used when appropriate and that the most cost-effective policies should be pursued CONCEPT PROBLEMS Apex Manufacturing charges Zenith Manufacturing with predatory pricing (that is, selling below cost) What you think the antitrust authorities will want to consider before they determine whether to prosecute Zenith for unfair practices in restraint of trade? Some states require firms to close on Sunday What types of firms support these laws? Why? What types of firms not support these laws? Why? Attributed to Libby Rittenberg and Timothy Tregarthen Saylor URL: http://www.saylor.org/books/ Saylor.org 880