Discussion Post
• Explain the relationship between a monopoly's demand curve and its marginal revenue curve.
• Describe how managers of a dominant firm determine the quantity and price that maximize profit.
• Explain why cartels are potentially profitable but unstable and difficult to sustain.
• Apply the economic theory of cartels and the different types of oligopolies to help make more profitable managerial decisions.
• Explain the goals of the major U.S. antitrust laws and policies that promote competition.
• Compare U.S. antitrust laws to competition laws in the European Union and China.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.