The rule of reason refers to:
A) unreasonable forms of price discrimination.
B) the current need for more reasonable antitrust enforcement.
C) the reasonableness of conglomerate mergers as opposed to other types of mergers.
D) the idea that monopolies should be judged by their behavior.

Question

Quizplus · Accepted Answer

The rule of reason is a legal doctrine that suggests monopolies should be judged by their behavior rather than simply their existence. This means that monopolies that engage in anti-competitive behavior, such as price-fixing or exclusionary practices, can be found to be in violation of antitrust laws, while those that operate within reasonable bounds may be allowed to continue.

The Rule of Reason Refers To