Antitrust Laws in General Are Used to

question 330

Multiple Choice

Antitrust laws in general are used to

• A)prevent oligopolists from acting in ways that make markets less competitive.
• B)encourage oligopolists to pursue cooperative-interest at the expense of self-interest.
• C)encourage frivolous lawsuits among competitive firms.
• D)encourage all firms to cut production levels and cut prices.

---

Definitions:

Objective Fact

Information verified through observation or measurement, independent of personal feelings or opinions.

Voluntary Act

An action taken by an individual based on free will and conscious decision.

Relativist View

A perspective that holds beliefs, values, ethics, and moral standards as relative to individuals or cultures, denying universal standards.

Deviance Principle

A concept related to behavior that significantly violates societal or group norms.