Asked by Katherine Lopez on Jun 13, 2024

verifed

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.
verifed

Verified Answer

HD
Hà D??ng Ph?m ??Jun 13, 2024
Final Answer :
B
Explanation :
Antitrust policy is the government's attempt to prevent the abuse of monopoly power in the United States. It includes measures like breaking up monopolies, regulating the mergers and acquisitions of large corporations, and enforcing laws that prohibit anti-competitive behavior. The goal of antitrust policy is to promote competition and protect consumers from higher prices and lower quality goods and services. Stabilization policy refers to macroeconomic policies aimed at stabilizing the economy, fiscal policy is the use of government spending and taxation to influence the economy, and government policy is a general term that refers to any policy made by the government.