Asked by Ja'Lisa Hicks on May 08, 2024
Verified
Structuralists take the position that:
A) the rule of reason is appropriate and desirable in interpreting the Sherman Act.
B) only unreasonable anticompetitive acts should be regarded as violations of the antitrust laws.
C) industries should be judged on the basis of their technological progress and their price-output behavior.
D) an industry that is highly concentrated will behave monopolistically.
Structuralists
Theorists who believe that human culture and society are heavily influenced by underlying structures, often in fields such as anthropology, sociology, and linguistics.
Sherman Act
An antitrust law enacted in 1890 to combat anti-competitive practices, reduce market monopolies, and preserve economic competition.
- Identify the interpretation differences in antitrust law through structuralist and behavioralist perspectives.
Verified Answer
US
Usman ShafiqMay 12, 2024
Final Answer :
D
Explanation :
Structuralists believe that industry structure (such as concentration levels) is the key determinant of a firm's behavior, and therefore an industry with high concentration (few dominant firms) will behave in a monopolistic manner regardless of any particular anticompetitive act. They prioritize analyzing market structure over specific behaviors or actions.
Learning Objectives
- Identify the interpretation differences in antitrust law through structuralist and behavioralist perspectives.