Asked by Vaishnavi Mereddy on Jul 12, 2024
Verified
A firm charged with monopolizing a market is less likely to be convicted if
A) the court accepts a broad definition of the market.
B) the court accepts a narrow definition of the market.
C) it has gained its monopoly through abusive means.
D) it sells its product to other firms, rather than directly to consumers.
Monopolizing
involves the domination of a market by a single producer or company, reducing competition and potentially controlling prices and supply in that market.
Abusive Means
Practices or methods that are harmful, manipulative, or intended to exploit or oppress individuals or groups.
- Identify the legal and economic reasoning in cases of antitrust, encompassing the definition of the market and monopolistic behaviors.
Verified Answer
AL
Andre Loveheart LondonJul 13, 2024
Final Answer :
A
Explanation :
A broad definition of the market suggests that there are more potential competitors and alternatives available, making it harder to prove that the firm has a monopolistic control over the market.
Learning Objectives
- Identify the legal and economic reasoning in cases of antitrust, encompassing the definition of the market and monopolistic behaviors.