Sherman Act Monopolization

The video tutorial discusses how monopoly power can be acquired through anti-competitive means, contrasting it with pure competition. It covers exclusionary acts like resource control, exclusive sales agreements, and tying relationships, which can unfairly limit market entry. The refusal to deal with competitors is examined for its potential anti-competitive effects. Predatory pricing is also explored, highlighting its intent to eliminate competitors by pricing below marginal cost. The tutorial emphasizes evaluating these actions under the rule of reason to determine their legality and impact on competition.

What is predatory pricing and how does it relate to monopolistic behavior?

What role do pro-competitive justifications play in evaluating monopolistic behavior?