In the late 1980s, antitrust enforcement was altered so that _______ competitive U.S.firms could cooperate in _______ in research and development.
A) vertically; foreign markets
B) horizontally; joint ventures
C) vertically; joint ventures
D) horizontally; international cartels

Question

Quizplus · Accepted Answer

In the late 1980s, antitrust enforcement was modified to allow horizontally competitive U.S. firms to collaborate in joint ventures, particularly for research and development purposes. This was aimed at enhancing innovation and competitiveness, especially against foreign competitors.

In the Late 1980s, Antitrust Enforcement Was Altered So That