Antitrust authorities
A) favors large companies.
B) reduces industry competition.
C) are concerned with companies' abuse of their market power to raise prices for consumers above the level that would exist in more competitive situations.
D) tends to raise prices for consumers.
E) enables the achievement of market power.

Question

Quizplus · Accepted Answer

Antitrust authorities are concerned with preventing companies from abusing their market power to raise prices for consumers above what would exist in more competitive situations. They aim to promote competition in the market and prevent the formation of monopolies or oligopolies that could harm consumers. Therefore, option C is correct, and options A, B, D, and E are incorrect.

Antitrust Authorities