Asked by
Abayneh Jemaneh
on Dec 19, 2024Verified
Most economists agree that, overall, U.S. antitrust policy has been most successful in
A) promoting competition and efficiency.
B) remedying existing anticompetitive behavior.
C) deterring price-fixing and anticompetitive mergers.
D) breaking up monopolies.
Antitrust Policy
Government regulations designed to promote competition and prevent the formation of monopolies or anti-competitive practices.
Price-Fixing
An illegal agreement among competitors to set prices, establish production quotas, or engage in other practices that eliminate or reduce competition within an industry.
Anticompetitive Mergers
Mergers between companies that could reduce competition in an industry, potentially leading to higher prices and reduced innovation.
- Understand the implications of antitrust laws on promoting competition and deterring anticompetitive practices.
Verified Answer
MA
Learning Objectives
- Understand the implications of antitrust laws on promoting competition and deterring anticompetitive practices.