Which of the following is a tenet of the Chicago School's economic thought?
A) Attempts at regulation often actually decrease the competitiveness of markets.
B) The efficacy of the government's regulation of commerce and markets is unquestionable.
C) The number of truly per se violations of the antitrust laws is masked by the Sherman Act.
D) Market forces are seldom sufficient to defeat most anticompetitive practices.

Question

Quizplus · Accepted Answer

The Chicago School of economic thought is known for advocating for minimal government intervention in markets and emphasizing the importance of competition. Choice A aligns with this belief, as it suggests that attempts at regulation may actually harm competition rather than promote it. Choices B and D contradict the Chicago School's views, and choice C is not a well-known tenet of their economic thought.

Which of the Following Is a Tenet of the Chicago