Antitrust Laws

question 557

Multiple Choice

Antitrust laws

• A)prevent firms from maximizing profits.
• B)allow the government to prevent mergers, even ones that would benefit consumers.
• C)require the government to measure both the benefits and costs of a potential merger.
• D)All of the above are correct.

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Definitions:

Single Corporation

A business or company that operates independently without subsidiaries or affiliations with other entities.

Unrelated Businesses

Companies or divisions that operate in distinctly different industries or markets without significant overlap in products, services, or customer bases.

Virtual Organization

A company that primarily operates through electronic communication and does not have a physical central location, relying on the Internet and other technological means to function.

Efficient Bureaucracy

A system of organization that is effectively structured with clear rules and procedures to ensure maximum productivity and efficiency.