The idea that competition is in some circumstances insufficient to achieve allocative efficiency and ensure fairness to consumers and competing firms is most closely associated with which antitrust perspective?
A) laissez-faire
B) Herfindahl
C) passive
D) active

Question

Quizplus · Accepted Answer

The idea that competition alone may not be sufficient to ensure fairness and efficiency is associated with the active antitrust perspective, which calls for government intervention to promote competition and protect consumers and smaller firms. The other options do not directly address this concern.

The Idea That Competition Is in Some Circumstances Insufficient to Achieve