Please help me with the following:
Current Event Paper
Using the Internet, or other resources, locate a current event article that relates to government regulations or antitrust activities. Prepare a 700-1,400-word paper in which you analyze the economic and ethical implications of the event. Points to consider include: market outcome, political impact on economic behavior, social diversity, technological innovation, and market structure. Clearly apply economic theory to your analysis for your selected article.
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There are several good places to find articles online, if your library isn't accommodating. The Economist usually has
"A normal industry?" (http://www.economist.com/business/displaystory.cfm?story_id=10689606)
discusses the soon expected merger of Northwest and Delta. Airline mergers have become commonplace as the industry becomes more competitive. Airlines are an example of monopolistic competition. Keeping prices down as the cost of fuel have increased is essential for an airline's survival. The merger is hoped to keep produce a more efficient outcome, based on economies of scale. Airlines profit when they can fill up their planes to capacity. Thus two planes flying to the same location on the same day, half full, may lose money. But one plane, fully booked, would be profitable. Mergers among companies which face such are market structure are usually in the best interests of consumers and producers alike.
"Taking your genes in hand" ...
Analysis of a current event article that relates to government regulations or antitrust activities