Question: https://www.youtube.com/watch?v=IcghGCBROR0 please,Watch this 11 min. video and then answer the following questions. Use concepts like: Opportunity cost Supply and demand Advantages of competition (both allocative

https://www.youtube.com/watch?v=IcghGCBROR0

please,Watch this 11 min. video and then answer the following questions.

Use concepts like:

  • Opportunity cost
  • Supply and demand
  • Advantages of competition (both allocative and productive efficiency)
  • What determines a market power
  • Characteristics of monopolies
  • Disadvantages of monopolies
  • How monopolies can be regulated
  • Incentives
  • Unintended consequences
  1. What does the documentary mean that anti-trust laws depend on politics more than any other area of law?
  2. Why did anti-trust enforcement shift again after WWII? (This was the Peak Enforcement Era that culminated in the break-up of AT&T. At its height of power ATT&T controlled all phone service in U.S. You could not even own a private phone!)
  3. What was the "consumer welfare standard" that changed anti-trust enforcement after AT&T?
  4. Give examples from the video of increased market shares in different industries by 2019.

please , answer in separate and explain as much as you can.

.

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