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1. Digital Study Guide, written by William Walstad
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After reading this chapter, you should be able to:

1. List and explain the core elements of the major antitrust (antimonopoly) laws in the United States.
2. Describe some of the key issues relating to the interpretation and application of antitrust laws.
3. Identify and explain the economic principles and difficulties relating to the setting of prices (rates) charged by so-called natural monopolies.
4. Discuss the nature of "social regulation," its benefits and costs, and its optimal level.