The antitrust laws are based on the

A) creative destruction view of competition.
B) idea that competition leads to greater economic efficiency than does a monopoly.
C) view that nonprice competition should be strictly regulated by government.
D) view that all negative externalities should be eliminated by government action.

Antitrust Laws

Legislation designed to promote competition and restrict monopolies by regulating anti-competitive practices.

Economic Efficiency

The optimal allocation of resources to maximize the production of goods and services.

Creative Destruction

A concept in economics which signifies the process by which new innovations lead to the demise of older technologies, leading to economic progress.