The antitrust laws are based on the
A)creative destruction view of competition.
B)idea that competition leads to greater economic efficiency than does a monopoly.
C)view that nonprice competition should be strictly regulated by government.
D)view that all negative externalities should be eliminated by government action.

Question

Quizplus · Accepted Answer

Antitrust laws are designed to promote competition and prevent monopolies because competition is believed to lead to greater economic efficiency, benefiting consumers with lower prices, better quality products, and more innovation.

The Antitrust Laws Are Based on the