One way in which antitrust law fosters economic efficiency is by
a. defining property rights for firms
b. encouraging voluntary trade
c. prohibiting firms from colluding to raise prices
d. enforcing contracts between firms
e. encouraging mergers that increase market power
C
Economics
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The Sherman Antitrust Act of 1890 is the federal antitrust law that prohibits:
A. monopolization and conspiracies to restrain trade. B. mergers the substantially lessen competition. C. exclusive dealing, tying contracts, and interlocking directorates. D. unfair methods of competition in commerce.
Economics
Pollution is an example of an _____________ cost.
Fill in the blank(s) with the appropriate word(s).
Economics