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1. Compare and contrast the main arguments and outcomes for the three hallmark anti-trust cases discussed in the Lecture for Module 11 – U.S. Steel (1920), Alcoa (1945), and DuPont cellophane (1956). Do you think the interpretation of the anti-trust laws was a factor in the outcome of these three cases? Explain. 2. Explain the differences between the three types of mergers (horizontal, vertical and conglomerate). What might the benefits be for each type of merger? When do you think mergers are most likely to be challenged by the regulatory agencies? Explain. Examine what has been happening to the degree of inequality in the distribution of income in the United States over recent decades. Has the distribution become more or less equal? Analyze and present what you believe some of the reasons are for this trend. One way to examine the distribution of income is to use a method called “The Lorenz Curve” and the related “Gini Coefficient”. As part of this assignment, conduct your own research on what the Lorenz Curve is and how it can illustrate the degree of inequality in the distribution of income. What is the Gini Coefficient? What does it mean to compare Gini Coefficients across different nations, or across different periods in time for one nation? What does a Gini Coefficient close to 1 indicate? What does a Gini Coefficient close to 0 indicate? Please cite the sources of information you used in your research, and submit your findings in a Word document file upload.
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