The first step in enforcing any antitrust policy is to

Question

Quizplus · Accepted Answer

Defining the market is the first step in enforcing any antitrust policy. This involves identifying the specific industry or product category that is being considered for potential antitrust violations. Once the market is defined, regulators can evaluate whether there are any companies that hold a dominant market position and are engaging in anticompetitive behavior. Without a clearly defined market, it is difficult to assess whether there is a violation of antitrust laws. Winning congressional approval or the support of the public may be important for implementing and enforcing antitrust policies, but defining the market is the crucial first step. Winning the approval of state senators from the state where the company is headquartered is not a necessary step in enforcing antitrust policy.

The First Step in Enforcing Any Antitrust Policy Is to