Asked by

Georgia Lawton
on Nov 26, 2024

verifed

Verified

The argument that an industry that is highly concentrated will act like an anticompetitive monopolist would support the case that the application of antitrust laws should be based on industry

A) mergers.
B) structure.
C) regulation.
D) behavior.

Anticompetitive Monopolist

A single seller in a market who uses their dominant position to prevent or reduce competition through unfair practices.

Antitrust Laws

Regulations established by governments to prevent large businesses from monopolizing certain markets, ensuring fair competition.

Industry Structure

The characteristics and organization of an industry, including the number and size of companies, entry barriers, and level of competition.

  • Understand the role and consequences of antitrust legislation on business operations and the configuration of industries.
  • Grasp the significance of antitrust law in maintaining competitive markets.
verifed

Verified Answer

TW
Taylor WarrickDec 02, 2024
Final Answer:
Get Full Answer