Suppose a court rules that the ABC Corporation is in violation of the antitrust laws because it produces 70 percent of the output of its industry. This decision is consistent with the
A) U.S. Steel case.
B) Alcoa case.
C) behavioralist approach to antitrust.
D) legal cartel theory of regulation.

Question

Quizplus · Accepted Answer

The Alcoa case established that having a large market share, like 70%, could be considered a violation of antitrust laws due to the potential for monopolistic control, even if there was no explicit intent to monopolize.

Suppose a Court Rules That the ABC Corporation Is in Violation