Differences in the interpretation and the enforcement of antitrust laws are in part rooted on the issue of focus. One such issue pertains to the question of whether the policy focus should be on
A) domestic firms versus multinationals.
B) intrastate trade versus interstate trade.
C) monopoly output versus monopoly pricing
D) monopoly behavior versus monopoly structure.

Question

Quizplus · Accepted Answer

The focus on monopoly behavior versus monopoly structure is a more relevant issue in the interpretation and enforcement of antitrust laws. While monopoly pricing and output are also important considerations, they are typically viewed as outcomes of monopoly behavior and structure. The distinction between behavior and structure is important because it helps to determine whether a firm is engaging in anticompetitive practices, even if it may not have a large market share or control over prices.

Differences in the Interpretation and the Enforcement of Antitrust Laws