Asked by Aiysha Edwards on May 10, 2024
Verified
How do economists view the overall effectiveness of antitrust policy?
Antitrust Policy
Regulations and laws intended to prevent monopolies and promote competition among businesses.
Economists
Are professionals who study how societies use scarce resources to produce valuable commodities and distribute them among different people.
Effectiveness
Refers to the degree to which something is successful in producing a desired result or outcome.
- Assess the efficiency of antitrust legislation in obstructing and dismantling monopolistic enterprises.
Verified Answer
BM
Bedel MemmedovMay 12, 2024
Final Answer :
Most economists conclude that, overall, U.S. antitrust policy has been moderately effective in achieving its goal of promoting competition and efficiency. Much of the success of antitrust policy arises from its deterrent effect on price-fixing and anticompetitive mergers. Antitrust policy has not been effective at restricting the rise of or breaking up monopolies but has been somewhat effective against abusive monopoly behavior. This effectiveness is diminished by a slow legal process.
Learning Objectives
- Assess the efficiency of antitrust legislation in obstructing and dismantling monopolistic enterprises.
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