Antitrust Action Restructures a Previously Monopolized Industry into a Competitive

question 74

Multiple Choice

Antitrust action restructures a previously monopolized industry into a competitive industry. If economies of scale are unimportant in the industry, the expected result of this movement from monopoly to competition is

• A) a reduction in output and an increase in price in the industry.
• B) a reduction in both price and output in the industry.
• C) an increase in both price and output in the industry.
• D) an increase in output and a reduction in price in the industry.

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Definitions:

Musculature

The system of muscles in the body, especially when regarded in terms of their form, structure, and functional abilities.

Proxemics

The study of how humans use space in communication and interaction, including personal distance and territorial behavior.

Occupational Area

A field or sector of work or profession.

Physical Separation

The act of being apart from others in space or distance, which can affect relationships and mental health.