Microeconomics,, 16th Canadian Edition

competitive behaviour by the firms, often ends up protecting firms from the forces of competition. Deregulation and Privatizatio ...

In the United States, where regulation rather than government ownership had been the adopted policy, many industries were deregu ...

For some technology firms, the source of market power is untraditional. Even though firms such as Facebook and Microsoft may not ...

Applying Economic Concepts 12-1 Are Google and Facebook the Standard Oil of the Twenty- First Century? Many economists and polic ...

power in the political sphere, bribing public officials, running their own slates of candidates in elections, and aggressively l ...

United States, the data show that American firms’ profitability is roughly 40 percent higher at home than abroad. These high cor ...

Everett Historical/Shutterstock Andrew Carnegie Everett Collection Historical/Alamy Stock Photo John Rockefeller What Are the Ca ...

business investment. This combination suggests that growing monopoly power is the underlying source of the profitability, where ...

competing products. These network effects act as a potent entry barrier and help to sustain these firms’ high profits. Another a ...

considerable entry barriers. Will Google or Facebook soon become the Standard Oil of the twenty-first century? And if so, how wi ...

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12. 3 Canadian Competition Policy The least stringent form of government intervention is designed neither to force firms to sell ...

strict than in criminal cases, in which convictions require proof “beyond a reasonable doubt.” The Competition Tribunal adjudica ...

This possibility presents a significant challenge to competition policy. The challenge is to prevent those mergers that mostly l ...

The Reforms of 2009 For many years, Canadian legislation provided substantial protection to consumers against the misuse of mark ...

revenues on a total of 19 routes. The Competition Bureau saw this venture as a clear effort to create monopoly power that would ...

Future Challenges Three challenges to the future of competition policy are worth noting. Two emanate from the ongoing process of ...

A third challenge comes from the growing importance of firms’ use of digital platforms and their access to data. Many technology ...

Summary ...

12.1 Productive and Allocative Efficiency LO 1, 2 Productive efficiency for the firm requires that the firm be producing its out ...