"The Myth of Predatory Pricing"

Read Thomas J. DiLorenzo's article on "The Myth of Predatory Pricing" (appearing in Policy Analysis).
a. Summarize DiLorenzo's major arguments.
b. Do you find these arguments compelling? Explain.

Competition and Regulation

Read the FTC's complaint against the Toys "R" Us corporation.
a. According to this complaint, how did the Toys "R" Us corporation restrict competition?
b. Why would toy suppliers be willing to reduce their supply of toys to warehouse clubs?
c. Is it likely that this policy would lead to higher consumer prices for the affected products?