Structuralists take the position that
A) the rule of reason is appropriate and desirable in interpreting the Sherman Act.
B) only unreasonable anticompetitive acts should be regarded as violations of the antitrust laws.
C) industries should be judged on the basis of their technological progress and their price-output behavior.
D) an industry that is highly concentrated will behave monopolistically.

Question

Quizplus · Accepted Answer

Structuralists believe that an industry that is highly concentrated will behave monopolistically, regardless of the behavior of individual firms within the industry. They argue that structural characteristics of an industry, such as the number of firms and the level of concentration, are the primary determinants of market behavior and competition. Therefore, answer D is the correct one.

Structuralists Take the Position That