Under the Chicago school of thought, the purpose of antitrust policy is ________.

Question

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The Chicago school of thought on antitrust policy emphasizes the maximization of the total welfare, which includes both producers' and consumers' surplus. This approach generally supports the idea that markets are naturally competitive and self-correcting, and thus, antitrust interventions should be minimal and focused on clear cases where consumer welfare is harmed.

Under the Chicago School of Thought, the Purpose of Antitrust