enhance the ability of firms to capture profits from a concentration of market power. enhance the ability of firms to reduce economic losses. restrict the ability of firms to operate at the socially efficient level of production. restrict the ability of firms to merge.

Question

Business

Alanna Beasley

28 December, 16:22

enhance the ability of firms to capture profits from a concentration of market power. enhance the ability of firms to reduce economic losses. restrict the ability of firms to operate at the socially efficient level of production. restrict the ability of firms to merge.

+2

Answers (1)

Know the Answer?

Brogan Hoffman · Answer 1

The correct answer is restrict the ability of firms to merge.

Explanation:

Antitrust laws are the body of law that prohibits anti-competitive behavior (also known as monopolies) and business practices that are unfair. These laws were created to encourage market competition. Antitrust laws also make certain practices considered illegal for companies, consumers or both, or those who violate the standards of ethical conduct in general. For example, antitrust laws prohibit agreements that restrict trade or encourage monopolization, attempted monopolization, anti-competitive merger and tie-in agreements; and in some circumstances, price discrimination in the sale of products.

Both the Federal Government and the State Attorney General can process antitrust claims. Private civil lawsuits may also be filed in state and federal courts, against those who violate state and federal antitrust laws. Federal antitrust laws, as well as most state laws, allow triple compensation against those who violate those laws, to encourage private lawsuits by enforcing antitrust laws.