Asked by Vasavi Arunachala Pandian on Jun 23, 2024
Verified
Which of the following is true of the antitrust laws in the United States?
A) They are designed to make the business environment more equitable.
B) They are designed to promote a competitive economy.
C) They are deliberately written in a way to make clear to all what is and what is not allowed.
D) They are deliberately written in a language to promote cooperation among businesses.
Antitrust Laws
Legislation intended to promote competition and prevent monopolies and unfair business practices.
Competitive Economy
An economic system where many firms compete to sell their goods and services, with minimal barriers to entry and exit.
- Investigate the influences of regulatory measures and antitrust legislation on monopolistic entities and their effects on price levels and competitive dynamics.
Verified Answer
AF
Albert FrancisJun 30, 2024
Final Answer :
B
Explanation :
The antitrust laws in the United States are designed to promote a competitive economy by preventing monopolies and other anticompetitive practices. They are not necessarily designed to make the business environment more equitable, and they are deliberately written in a way to make clear to all what is and what is not allowed, rather than promoting cooperation among businesses.
Learning Objectives
- Investigate the influences of regulatory measures and antitrust legislation on monopolistic entities and their effects on price levels and competitive dynamics.
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