-What are the three phases of antitrust policy in the United States, since 1890?
A)1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, the rule of reason
B)1890 to 1914, per se; 1914 to the early 1980s, the rule of reason; since then, per se
C)1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, no antitrust policy
D)1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of rate of return regulation
E)1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of nationalization

Question

-What are the three phases of antitrust policy in the United States, since 1890?
A)1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, the rule of reason 
B)1890 to 1914, per se; 1914 to the early 1980s, the rule of reason; since then, per se 
C)1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, no antitrust policy 
D)1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of rate of return regulation 
E)1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of nationalization

Quizplus · Accepted Answer

The three phases of antitrust policy in the United States since 1890 are accurately described in option A: from 1890 to 1914, the approach was the rule of reason, which means each case was considered on its own merits; from 1914 to the early 1980s, the policy shifted to a per se approach, where certain activities were deemed illegal without needing to prove their harm on competition; and since the early 1980s, there has been a return to the rule of reason, where the circumstances of each case determine its legality.

-What Are the Three Phases of Antitrust Policy in the United