The "rule of reason"
a. applies to business practices that are illegal regardless of their economic rationale or their consequences
b. applies to business practices that are legal, regardless of their consequences
c. means that business practices cannot be proven to be illegal, and a consent decree is required to halt the practices
d. considers why a certain business practice was adopted and what the effects on competition are, before determining whether the practice is illegal
e. focuses on market structure rather than on the behavior of firms in determining whether antitrust violations have occurred
D
You might also like to view...
A tax is sometimes used by government to correct the problems associated with
A) negative externalities. B) positive externalities. C) internal benefits. D) external benefits.
Which of the following is not a cause of cost-push inflation?
A. labor cost increases. B. energy cost increases. C. raw material cost increases. D. consumer incomes increase.