Which of the following is consistent with current U.S. law on monopolies?
A)Being a monopoly is illegal.
B)Gaining monopoly or market power through specified exclusionary business practices is illegal.
C)Monopolizing is legal.
D)Companies can act to reduce the number of competitors but cannot discourage new entrants.

Question

Quizplus · Accepted Answer

Current U.S. law does not make it illegal to be a monopoly, but it is illegal to gain monopoly or market power through exclusionary business practices such as price fixing, exclusive contracts, and predatory pricing. Thus, option B is the correct answer. Option A is incorrect. Option C is incorrect because monopolizing is illegal under U.S. antitrust laws. Option D is inaccurate because companies cannot act to reduce the number of competitors through exclusionary business practices.

Which of the Following Is Consistent with Current U