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________ theorists argue that the central, and perhaps only, purpose of antitrust law is to encourage economic efficiency.
A) Chicago School
B) Marxist School
C) Efficiency School
D) Competition School
E) Surety School
Antitrust Law
Legislation aimed at preventing anti-competitive practices, monopolies, and other actions that restrict or distort market competition.
Economic Efficiency
A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
Chicago School
An economic school of thought advocating for minimal government intervention in markets, emphasizing the importance of free-market principles.
- Acquire knowledge of the economic theories that support the establishment and enforcement of laws against monopolies.
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Learning Objectives
- Acquire knowledge of the economic theories that support the establishment and enforcement of laws against monopolies.
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