Explain: “Antitrust is basically pro-business, because it is anti monopoly. To believe that it is anti business is to believe that monopoly is pro-business.”
What will be an ideal response?
Clearly the response to this quote depends on which side of the fence you are on. Large firms seeking to consolidate more power would not agree that antitrust is pro-business. However, from the standpoint of the consumer and small- to medium-sized businesses, this statement makes sense. Antitrust laws promote competition and protect competition from monopolistic power.
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Which of the following statements best describes possibilities for trade?
a. Many larger national economies around the world, in regions like North America and Western Europe, have much more limited possibilities for trade inside their countries or their immediate regions. b. Many smaller national economies around the world, in regions like Latin America, Africa, the Middle East, and Asia, have much more limited possibilities for trade inside their countries or their immediate regions. c. Many medium national economies around the world, in regions like Latin America, Africa, the Middle East, and Asia, have much more limited possibilities for trade inside their countries or their immediate regions. d. Many smaller national economies around the world, in regions like Eastern Europe, have much more limited possibilities for trade inside their countries or their immediate regions.
The $/€ bid rate is the:
a. Equal to the €/$ ask rate b. Inverse of €/$ bid rate c. Inverse of $/€ ask rate d. Equal to the $/€ ask rate e. Inverse of €/$ ask rate
Suppose that an Italian working in the United States renounces his Italian citizenship and is granted U.S. citizenship. Which of the following will happen?
A. Italian GDP will fall; U.S. GNP will rise. B. Italian GNP will fall; U.S. GNP will rise. C. Italian GDP will fall; U.S. GDP will rise. D. Italian GNP will fall; U.S. GDP will rise.
Consumers usually pay less than the total cost of medical treatment because
A) a third party, usually an insurance company, often pays most of the bill. B) the federal government pays for most medical procedures. C) competition forces doctors and hospitals to charge prices that do not cover their costs. D) a third party, usually an employer, often pays most of the bill.