A field of law that attempts to limit the ability of oligopolists to collude and restrict competition is called:
A)antitrust policy.
B)product safety policy.
C)fuel efficiency standards.
D)excise tax policy.

Question

Quizplus · Accepted Answer

Antitrust policy is a field of law that seeks to prevent oligopolies from engaging in anti-competitive behavior such as price-fixing and market allocation. Antitrust policy aims to promote competition and protect consumer welfare by limiting the ability of firms to collude and restrict competition. Product safety, fuel efficiency standards, and excise tax policies do not address the issue of limiting the ability of oligopolists to collude and restrict competition.

A Field of Law That Attempts to Limit the Ability