Unless it is regulated or only temporary,the market situation called ________ is prohibited in the United States through antitrust legislation.

Question

Quizplus · Accepted Answer

Monopoly is the answer because it is a market situation where a single firm controls either the entire market or a substantial portion of it. Monopolies are generally prohibited in the United States through antitrust legislation, except in cases where it is necessary to regulate a natural monopoly or in cases where it is a temporary market situation. Communism, oligopoly, and monopolistic competition are not prohibited through antitrust legislation in the United States.

Unless It Is Regulated or Only Temporary,the Market Situation Called