Question

the view that the antitrust laws should be enforced relatively leniently because of the tendency for monopoly power to erode over time is consistent with the view that multiple choice monopoly structure is a sufficient basis for breaking up monopolies. a laissez-faire perspective on antitrust is sufficient. an active antitrust policy is required. only firms behaving as monopolists should be broken up.

Answer 1

This question discusses the enforcement of antitrust laws and various perspectives on breaking up monopolies.

Step-by-step explanation:

Antitrust laws are regulations aimed at promoting fair competition and preventing monopolistic practices in business. These laws, like the Sherman Antitrust Act and the Clayton Act in the United States, seek to protect consumers by prohibiting activities that hinder market competition, such as price-fixing and collusion.

Specifically, it addresses the viewpoint that the antitrust laws should be enforced relatively leniently due to the tendency for monopoly power to erode over time. It also explores the different perspectives on breaking up monopolies, including whether a laissez-faire approach to antitrust is sufficient or if an active antitrust policy is required. Lastly, it brings up the idea that only firms behaving as monopolists should be broken up.