ECONOMICS OF ANTITRUST: NEW ISSUES, QUESTIONS, AND INSIGHTS contains perspectives that should prove indispensable to attorneys, government regulators, economists, academicians, students, and others seeking a full understanding of the topic. By showing how economics is applied in the "real world," the book provides insights into compelling issues including: -How price discrimination may be beneficial to consumers by enhancing competition and lowering prices; -How to distinguish anticompetitive predatory pricing from aggressive competition; -Why and how specific market facts and circumstances can determine whether a merger of two competing companies might or might not lead to higher prices for consumers; -Why high accounting profits do not imply that a company has market power; -Why a conventional application of traditional antitrust principles should not be relied upon to assess mergers that raise competitive concerns about the level and pace of R&D; and -Why it is important to look beyond market shares when evaluating the competitive effects of a proposed merger.