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The Reason That Antitrust Laws Exist and Are Enforced Is

Question 85

Multiple Choice

The reason that antitrust laws exist and are enforced is because most economists and politicians believe that


A) every industry should be perfectly competitive
B) monopolies do not maximize shareholder value in the long run
C) the price and quantity combinations delivered in a perfectly competitive market are both socially desirable and most efficient
D) monopolies use their market power to create economies of scale
E) small firms are the backbone of American society

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