The idea that competition is in some circumstances insufficient to achieve allocative efficiency and ensure fairness to consumers and competing firms is most closely associated with which antitrust perspective?
A)laissez-faire
B)Herfindahl
C)passive
D)active

Question

Quizplus · Accepted Answer

The active antitrust perspective holds that competition alone may not always lead to allocative efficiency or fairness, thus necessitating regulatory intervention to correct market failures and protect consumers and competitors.

The Idea That Competition Is in Some Circumstances Insufficient to Achieve