Why Are Laws Aimed at Regulating Monopolies Called "Antitrust" Laws

question 84

Multiple Choice

Why are laws aimed at regulating monopolies called "antitrust" laws?

• A)The rise of large firms (e.g., Standard Oil)in the late 1800s in the United States caused consumers to lose trust in private business.
• B)"Trust" was a word in Old English that meant monopoly in the Middle Ages. Therefore, "antitrust" is a term that means "against monopoly."
• C)In the late 1800s, firms in several industries formed trusts; the firms were independent but gave voting control to a board of trustees. Antitrust laws were passed to regulate these trusts.
• D)In the late 1800s, firms in several industries formed trusts; they were called "trusts" because when corporate officials were questioned about their business they would claim that business was good for the country and that they should trusted.

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Environmental Scanning

The process of gathering information about the external environment to identify and interpret potential trends.

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The act of guiding and directing a group towards achieving a common goal, often involving the ability to inspire and influence others.

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The highest-ranking executives in an organization, typically responsible for making major corporate decisions and overseeing the overall operation.