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.

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Definitions:

Oral Contract

A legal agreement which is made through spoken communication and is as binding as a written contract, although more difficult to prove.

Custom Motorcycle

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Big Choppers

Slang for large motorcycles, particularly those with extended front ends or customized in a style that emphasizes size and power.

Delivery

The act of transferring an item from one party to another, typically referring to goods transported by a mail service or courier.