Asked by Samiksha Pathak on Apr 29, 2024
Verified
Antitrust legislation is based on a belief that competition leads to lower prices, better products, a wider selection of goods, and more product information.
Antitrust Legislation
Laws that are designed to protect trade and commerce from unfair practices, such as monopolies or cartels.
Lower Prices
A decrease in the cost at which goods or services are sold, enhancing affordability.
Better Products
Refers to goods that are of higher quality, more reliable, or offer greater value than competitors.
- Understand the foundational principles of antitrust legislation and its basis on competition fostering economic benefits.
Verified Answer
MM
Megan MowryMay 02, 2024
Final Answer :
True
Explanation :
Antitrust legislation aims to prevent monopolies and promote competition, under the belief that competition results in benefits such as lower prices, better products, wider selection, and more product information for consumers.
Learning Objectives
- Understand the foundational principles of antitrust legislation and its basis on competition fostering economic benefits.
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