Final answer:
True, the definitions of markets that antitrust authorities use are expected to become broader due to effects of globalization and advancements in technology, which expand the competitive landscape and redefine market boundaries.
Step-by-step explanation:
The statement that markets and countries can be subject to two broad market screening approaches, general and specific, is true. In the context of antitrust regulations and market competition, globalization and advancements in information and communications technology significantly influence how markets are defined. As we witness these shifts, the definitions of markets by antitrust authorities are expected to become broader since the interconnectedness of markets expands the competitive landscape.
The globalization effect allows businesses and consumers to engage across national borders, which intensifies competition and reshapes market boundaries. Similarly, technological advancements, particularly the rise of the internet, empower consumers and businesses to participate in global exchanges more efficiently, further broadening market definitions.