The argument that an industry that is highly concentrated will act like an anticompetitive monopolist would support the case that the application of antitrust laws should be based on industry
A) mergers.
B) structure.
C) regulation.
D) behavior.

Question

Quizplus · Accepted Answer

The argument states that a highly concentrated industry acts like an anticompetitive monopolist, which suggests that market structure is a crucial aspect for antitrust enforcement. Therefore, the application of antitrust laws should be based on industry structure rather than mergers, regulation, or behavior.

The Argument That an Industry That Is Highly Concentrated Will