Question: Antitrust laws make certain anticompetitive practices illegal because these practices raise prices and reduce output, which reduces the total amount of consumer surplus. Explain why

Antitrust laws make certain "anticompetitive" practices illegal because these practices raise prices and reduce output, which reduces the total amount of consumer surplus. Explain why antitrust action may not be helpful or necessary in markets that are:

a. Characterized by network goods

b. Highly contestable

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