Asked by
Georgia Lawton
on Nov 26, 2024Verified
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.
Verified Answer
TW
Learning Objectives
- 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.