The Chicago School approach to antitrust policy argues that antitrust decisions should be based solely on the criterion of of welfare.

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The Chicago School approach advocates for the application of antitrust law to promote consumer welfare maximization. The approach believes that antitrust laws should be structured to encourage innovation, reduce costs, and regulate anti-competitive practices in the market. This would ultimately benefit consumers by enhancing competition, lowering prices, and increasing the quality of goods and services.

The Chicago School Approach to Antitrust Policy Argues That Antitrust