The Antitrust Laws Are Based on the

question 152

Multiple Choice

The antitrust laws are based on the

• A) creative destruction view of competition.
• B) idea that competition leads to greater economic efficiency than does a monopoly.
• C) view that nonprice competition should be strictly regulated by government.
• D) view that all negative externalities should be eliminated by government action.

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Definitions:

Denial

An ego defense mechanism in which a person fails to acknowledge unacceptable thoughts, feelings, or actions.

Impulses

Sudden, involuntary urges to act or react that can drive behavior without conscious planning.

Ego

In psychoanalytic theory, the part of the psyche that mediates between the desires of the id, the realities of the external world, and the moral standards of the superego.

Libido

A term that describes one's overall sexual drive or desire for sexual activity.