The view that the mere possession of monopoly power is a violation of the antitrust laws, as in the Alcoa case of 1945, suggests that the application of antitrust laws should be based on industry
A)behavior.
B)size.
C)efficiency.
D)structure.

Question

Quizplus · Accepted Answer

The Alcoa case of 1945 is notable for the court's view that the mere possession of monopoly power, even if not abused, could be a violation of antitrust laws. This perspective emphasizes the importance of the structure of the industry (i.e., how it is organized and the distribution of market power within it) rather than the behavior, size, or efficiency of the firms within it.

The View That the Mere Possession of Monopoly Power Is