The argument that a large firm dominating an industry will not necessarily act like a monopolist, as expressed in the 1920 U.S. Steel case, suggests that the application of antitrust laws should be based on firm
A) behavior.
B) structure.
C) efficiency.
D) concentration ratios.

Question

Quizplus · Accepted Answer

The argument that a large firm dominating an industry will not necessarily act like a monopolist suggests that antitrust laws should focus on the behavior of the firm, rather than just its size or structure. This means that the focus should be on whether the firm is engaging in anticompetitive behavior, rather than just its concentration ratio or market share. Therefore, choice A is the best answer.

The Argument That a Large Firm Dominating an Industry Will