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What antitrust laws promote greater efficiency and lower prices by protecting?
Competition
Which law helped prevent companies from lowering prices in order to drive out competition?
Sherman Antitrust Act. If you want to confirm, check wikipedia
What is the purpose of the Sherman Antitrust act?
Federal legislation passed in 1890 prohibiting "monopolies or attempts to monopolize" and "contracts, combinations, or conspiracies in restraint of trade" in interstate and foreign commerce. The major purpose of the Sherman Antitrust Act was to prohibit monopolies and sustain competition so as to protect companies from each other and to protect consumers from unfair business practices. The act was supplemented by the clayton antitrust act in 1914. Both acts are enforced by the Federal Trade Commission (FTC) and the Antitrust Division of the U.S. Attorney General's office. (source: answers.com)
What was the cause of the Sherman antitrust act?
During Benjamin Harrison's presidency, companies were ruled by trusts, monopolies, and high prices. To try to limit the growth of these, Congress passed the Sherman Anti-Trust Act of 1890. Its vague wording caused it to fail, as many trusts found ways around its attacks.
What do anti trust laws do?
Speeds up the flow of capital and wages
What antitrust laws promote greater efficiency and lower prices by protecting?
Competition
Which of the following promotes greater efficiency and lower prices by protecting competition?
antitrust laws -apex :)
Antitrust laws allow the U.S. government to do all of the following except .?
Antitrust laws allow the U.S. government to regulate and enforce laws that promote fair competition in the marketplace. However, antitrust laws do not allow the government to set prices for goods and services.
Antitrust laws protect competition and bring about lower what?
Prices
Why does reducing trade barriers promote increased international trade?
Free trade leads to lower prices and greater sales.
How can a price system can be manipulated to promote efficiency?
A price system can be manipulated to promote efficiency by adjusting prices to reflect the true social costs of production and consumption. This can incentivize firms and consumers to make decisions that are more socially beneficial, such as reducing pollution or conserving resources. Additionally, price signals can be used to encourage innovation and investment in more efficient technologies and practices.
What is meant by the term deregulation?
Deregulation refers to the reduction or elimination of government rules and regulations in a particular industry, typically to promote competition or streamline operations. This can lead to increased innovation, lower prices for consumers, and greater efficiency within the industry.
What is the intent of antitrust laws?
Antitrust laws are intended to prevent companies from cooperating to prevent competition. The typical way companies do this is by making agreements to fix prices -- that is, they will all charge the same price avoiding price competition between them. They may also agree to collectively lower prices in unison to drive competitors, who are not in the group, out of business.
Which law helped prevent companies from lowering prices in order to drive out competition?
Sherman Antitrust Act. If you want to confirm, check wikipedia
Why does competition foster efficiency?
1. Competition fosters efficiency because producers have to offer the best products at reasonable prices.
The creation of trusts resulted in prices.?
The creation of trusts led to monopolies and oligopolies, which often resulted in higher prices for goods and services due to reduced competition in the market. Trusts could dominate entire industries and stifle competition, leading to increased control over pricing. This concentration of power led to concerns over consumer welfare and the need for antitrust legislation to prevent price manipulation and promote fair competition.
When equilibrium demanded is greater than quantity the market prices will what?
rise
