In the 1970s, Members of the Law and Economics Program

question 43

Multiple Choice

In the 1970s, members of the Law and Economics program at the University of Chicago argued that

• A) per se rules should be adopted by the Supreme Court and used to decide antitrust cases.
• B) large firms should always be broken up in order to encourage competition.
• C) large market shares may be due to efficient management or innovation.
• D) courts should "get out of the antitrust business".

---

Definitions:

Development Strategies

Comprehensive plans or methodologies aimed at achieving long-term goals, such as economic growth, product innovation, or market expansion.

Service Design

The activity of planning and organizing a company's resources, infrastructure, communication, and materials to improve its service quality.

Reduce Costs

Implementing strategies and measures to decrease expenses and improve efficiency in operations.

Pollution-Sensing Devices

Technology used to detect and measure the level of pollutants in the environment.