The argument that a large firm dominating an industry will not necessarily act like a monopolist, as expressed in the 1920 U.S. Steel case, suggests that the application of antitrust laws should be based on firm
A)behavior.
B)structure.
C)efficiency.
D)concentration ratios.

Question

Quizplus · Accepted Answer

The argument focuses on how a firm acts in the market rather than its size or market share, suggesting that antitrust laws should be applied based on the firm's behavior, such as pricing and competitive practices, rather than solely on its structure or market concentration.

The Argument That a Large Firm Dominating an Industry Will