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In general, the three federal antitrust statutes seek to _______________.

a) Prevent the monopolization of markets
b) Encourage market monopolies for better efficiency
c) Control government influence in market trades
d) Increase barriers to market entry

User Toam
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Final answer:

The three federal antitrust statutes aim to prevent the monopolization of markets option (a). They are enforced by the Federal Trade Commission and the U.S. Department of Justice to ensure fair competition and prohibit a wide range of anticompetitive practices.

Step-by-step explanation:

In general, the three federal antitrust statutes seek to prevent the monopolization of markets. The options provided indicate different perspectives on market regulation, but the antitrust laws, including The Sherman Act, The Clayton Act, and The Federal Trade Commission Act, are designed to maintain competition and prevent anti-competitive practices such as market monopolization, price-fixing, bid-rigging, and market allocation.

Governmental bodies like the Federal Trade Commission and the U.S. Department of Justice play a crucial role in enforcing these laws to ensure that competition is fair and that no single entity prevents others from entering the market or colluding to manipulate market conditions.

Moreover, antitrust laws allow for certain monopolies, such as those resulting from innovation or business efficacy, but they strictly regulate actions that could harm the competitive landscape, ensuring that the market operates efficiently and fairly for all participants.

User Dien Nguyen
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