The purpose of antitrust policy is to:
A)limit pollution.
B)provide access to affordable health care for uninsured Americans.
C)prevent the exercise of monopoly power.
D)control inflation and interest rates.

Question

Quizplus · Accepted Answer

The purpose of antitrust policy is to prevent the exercise of monopoly power, which occurs when a single firm or group of firms has an excessive amount of market power, allowing them to control prices, restrict competition, and limit consumer choice. The goal of antitrust policy is to promote competition in the marketplace, which benefits consumers by encouraging lower prices, improved quality, and greater innovation. Antitrust laws are enforced by government agencies, such as the Federal Trade Commission and the Department of Justice, which investigate and prosecute anticompetitive behavior, including price-fixing, market allocation, and mergers that would be harmful to competition.

The Purpose of Antitrust Policy Is To