If Antitrust Laws Did Not Prohibit Efforts to Restrict Competition

question 125

Multiple Choice

If antitrust laws did not prohibit efforts to restrict competition in markets:

• A) no firms would attempt to collude on price and/or quantity.
• B) attempts at collusion with rival firms on price and or/quantity would succeed all the time.
• C) attempts at collusion with rival firms would probably fail more often than not.
• D) all firms in the economy would earn negative economic profit in the long run.
• E) all firms in the market would earn zero economic profit in the long run.