Asked by Katie Flynn on May 27, 2024
Verified
The so-called rule of reason in interpreting antitrust legislation suggests that the application of antitrust laws should be based on industry
A) efficiency.
B) concentration ratios.
C) behavior.
D) structure.
Rule Of Reason
A legal doctrine that determines the legality of certain business practices based on their harm or benefit to competition.
- Understand the underlying principles, including the rule of reason, that direct the enforcement of antitrust legislation.
- Evaluate how the interpretations of market and competition affect the enforcement of antitrust laws.
Verified Answer
LP
LaTonya PierreMay 27, 2024
Final Answer :
C
Explanation :
The rule of reason in antitrust legislation focuses on the behavior of companies, assessing whether their actions have anticompetitive effects rather than strictly on the structure or concentration ratios of an industry.
Learning Objectives
- Understand the underlying principles, including the rule of reason, that direct the enforcement of antitrust legislation.
- Evaluate how the interpretations of market and competition affect the enforcement of antitrust laws.