1. Why do you suppose that a growing number of behavioral economists are calling for adoption of more pragmatic approaches to formulating regulations? Explain Briefly.
2. Why do you suppose that nearly all of the world's antitrust authorities agree that collusive conspiracies to restrain trade and fix prices are illegal?
3. How might the fact that this antitrust case involves three groups-movie studios, distributors, and broadcasters-complicate assessing whether consumers ultimately gain or lose from current arrangements?