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Welcome to Week 11, everyone! This week, we will explore Fair Competition, Anti-Trust issues as well as Mergers and Acquisitions.
Each of these areas has a huge impact on the competitiveness of companies and how much consumers pay for products and services. For example, as an industry becomes more concentrated ( with fewer players), the usual result is higher prices and/or lower levels of service. Government anti-trust laws seek to prevent this by blocking some mergers or acquisitions and in rare cases breaking up very powerful companies because the scope of their operations suppresses competition.
As Apple, Google, Amazon and Facebook continue to expand, could this apply to them? Perhaps.
Question: Pick a specific company or industry example involving fair competition and explain the scenario and how it played out. Class, what conclusions can you come to with regard to this example?