The view that the mere possession of monopoly power is a violation of the antitrust laws, as in the Alcoa case of 1945, suggests that the application of antitrust laws should be based on industry
A) behavior.
B) size.
C) efficiency.
D) structure.

Question

Quizplus · Accepted Answer

The view that the mere possession of monopoly power is a violation of the antitrust laws is based on the structure of the industry rather than its behavior, size, or efficiency. This view assumes that monopolies are inherently harmful to competition and consumers, regardless of the actual conduct of the monopolist. Therefore, antitrust laws should be applied based on the structure of the industry, such as the concentration of market power and barriers to entry, rather than the behavior or efficiency of individual firms.

The View That the Mere Possession of Monopoly Power Is