Marvin starts Marvin's Bike Company in Wheatland,South Dakota.There is one other bike store in Wheatland.Through good business management,Marvin's Bike Company obtains a great deal of market power in Wheatland.This is

Question

Marvin starts Marvin's Bike Company in Wheatland,South Dakota.There is one other bike store in Wheatland.Through good business management,Marvin's Bike Company obtains a great deal of market power in Wheatland.This is​

Quizplus · Accepted Answer

Obtaining market power through good business management alone does not constitute an antitrust violation. Antitrust laws are designed to prevent anti-competitive behavior, such as collusion or monopolistic practices, that harm competition and consumers. As long as Marvin's Bike Company did not engage in illegal business practices to obtain its market power, such as price fixing or exclusive deals with suppliers, it is not in violation of antitrust laws.

Marvin Starts Marvin's Bike Company in Wheatland,South Dakota