Asked by Katherine Lopez on Jun 13, 2024
Verified
Attempts by the federal government to prevent the exercise of monopoly power in the United States are known as _____ policy.
A) stabilization
B) antitrust
C) fiscal
D) government
Antitrust Policy
Legislative and regulatory efforts undertaken by the government to prevent oligopolistic industries from becoming or behaving like monopolies.
Monopoly Power
The ability of a business to control market prices and total market output due to the lack of competition.
Federal Government
The national level of government organization, having authority over broader issues that cross state lines, such as defense, foreign policy, and monetary policy.
- Determine the function of antitrust regulations in preserving competitive markets and hindering the formation of monopolies.
Verified Answer
Learning Objectives
- Determine the function of antitrust regulations in preserving competitive markets and hindering the formation of monopolies.
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