Economists Who Adhere to the Laissez-Faire Antitrust Perspective

Multiple Choice

Economists who adhere to the laissez-faire antitrust perspective

A) view competition as a long-run dynamic process in which firms battle for dominance of markets but rarely can sustain such dominance once it is achieved.
B) believe the antitrust laws are as important today as they were when they were passed in the early 1900s.
C) say that an industry's structure, which is based on economies of scale, usually predicts the behavior of the industry firms.
D) contend that large, dominant firms should be broken into smaller competitive firms and then government should stand back and let competition prevail.