The View That the Antitrust Laws Should Be Enforced Relatively

question 205

Multiple Choice

The view that the antitrust laws should be enforced relatively leniently because of the tendency for monopoly power to erode over time is known as the

• A) structuralist view of antitrust.
• B) behavioralist view of antitrust.
• C) laissez-faire perspective on antitrust.
• D) active antitrust perspective.

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Definitions:

Higher Opportunity Cost

The increased potential loss of choosing one option over another, indicating a sacrifice of higher value alternatives.

Absolute Advantage

The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Comparative Advantage

The capacity of a nation, person, business, or area to generate a product or offer a service with a smaller opportunity cost compared to its rivals.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.