What role does the US government play with respect to market competition? polici
ID: 1191802 • Letter: W
Question
What role does the US government play with respect to market competition? policing anticompetitive behavior and prohibiting contracts that restrict competition preserving competition by regulating price and/or quantity of output intervening in the price and output decision of businesses maintaining abundant government-owned firms to ensure consumer friendly pricing The information below sets out the estimated market shares for the cellular phone manufacturing market. Based on this information, the four-firm concentration ratio is Environmental Protection... A positive externality arises in a situation where a third party, outside the efficiently.Explanation / Answer
ANS 19 . A=policing anticompetitive behavior and prohibiting contracts that restrict competition
US antitrust law is the total of government laws, which regulates the conduct and organization of business firms, to promote fair competition in the benefit of consumers. The statutes are the Sherman Act 1890, the Clayton Act 1914 and the Federal Trade Commission Act 1914. The acts restrict the formation of cartels and other collusive practices which are seen as restraining trade. They restrict the mergers and acquisitions of corporations that significantly reduce competition. The acts prohibit the establishment of a monopoly .
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