Antitrust laws are intended to
A)reduce trust the public has in elected officials.
B)reduce trust between firms and consumers.
C)eliminate collusion and promote competition.
D)prevent selling below average total cost.

Question

Quizplus · Accepted Answer

Antitrust laws are designed to eliminate collusion and promote competition between firms in the market. These laws prevent the creation of monopolies or oligopolies, which can restrict competition and lead to higher prices for consumers. Antitrust laws also prohibit price fixing, bid rigging, and other forms of collusion between competing firms. Overall, the goal of antitrust laws is to promote a competitive and open market economy. Options A and B are not correct as they are unrelated to antitrust laws, while option D is not correct as it is about predatory pricing and not antitrust laws.

Antitrust Laws Are Intended to