Antitrust laws in the United States
A) are an attempt to foster competition.
B) are not necessary in the twenty-first century.
C) have not been used in the past twenty-five years.
D) are the same as the laws in the European Union.
Correct answer is A) are an attempt to foster competition.
You might also like to view...
What is the output level predicted by the Cournot model? Discuss this in terms of the different market models that have been surveyed so far
What will be an ideal response?
The natural rate of unemployment includes frictional, cyclical, and structural unemployment
a. True b. False Indicate whether the statement is true or false
When the government bans a good:
A. it will only be effective if it can be easily enforced. B. it doesn't need to change the trade-offs consumers face. C. it should get approval from the community before exacting the ban to be more effective. D. the cost of breaking the ban needs to be sufficiently low in order to be effective.
Most regional trade and WTO agreements practice
A) the harmonization standards only. B) separate standards only. C) mutual recognition standards only. D) a combination of harmonization, mutual recognition, and separate standards.