Efforts that attempt to limit the ability of oligopolists to collude and restrict competition is called:
A) antitrust policy.
B) product safety policy.
C) fuel-efficiency standards.
D) excise tax policy.

Question

Quizplus · Accepted Answer

Antitrust policy is designed to prevent and limit collusive behavior among oligopolists, which in turn promotes competition and consumer welfare. Other policies, such as product safety standards, fuel-efficiency standards, and excise taxes, may have different objectives and do not necessarily target oligopoly behavior specifically.

Efforts That Attempt to Limit the Ability of Oligopolists to Collude