The paper should includetwo parts:The first part is the theorywhich is explanation of the antitrust...

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The paper should includetwo parts:The first part is the theorywhich is explanation of the antitrust law or the patent rule whichever you choose for your paper (This part is fully explained in chapter 17).The second part is an analytical case; choose any case for the antitrust or patent, follow the case, present any court ruling in the case, analyze it, and express your own opinion in the case.

Robert · Accepted Answer

This term paper focuses on the competition law or most popularly known as the Antitrust 
law in the United States. We start the paper by discussing why the need for antitrust laws 
same was felt. Further during the course of paper we discuss few of the popular antitrust 
laws passed by the US government. The second part of the paper focuses on a case study 
of the world renowned diamond company De Beers.  
In economics we study the concept of free market, in which the equilibrium is 
attained when the market forces are left to adjust by themselves. There is always diversity 
in the firms that exist in the market: firms with large market share or revenue, firms 
having a decent amount of market shares, then there are also the firms which are in new 
in the market and have a very minute share in the market. More less than often, if such 
firms are not provided with a conducive environment to grow or any form of support they 
may not be able to grow. In markets where the competition is aggressive, government 
intervention in the form of antitrust laws or patents can help even small firms grow. In 
order to protect a free market to be governed by the private interests of big players’ 
governments introduce a set of laws known as the antitrust laws. 
Competition laws aim at protecting competition in the economy so that consumers 
are offered variety even under a single product category at competitive prices. In the real 
world there exist firms which would like to collude so as to reduce their costs and charge 
exorbitant prices. Antitrust laws aim at prohibiting such collusion, mergers and 
acquisitions protecting the interest of households in the society. Antitrust laws aims at 
avoiding any form of anti-competitive forms of behavior in the market for example 
concentration of economic power in few hands or misuse of monopoly power or wrong 
practices by a single or a group of major market shareholding firms. Examples of such 
practices are horizontal mergers: when firms of similar market share merge, horizontal 
price fixing: firms setting a maximum and minimum price to be charged for a good or 
service, cartels such as OPEC (organization of petroleum export countries.

The paper should includetwo parts:The first part is the theorywhich is explanation of the antitrust law or the patent rule whichever you choose for your paper (This part is fully explained in chapter...

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