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What are the trade-offs between free enterprise and government intervention associated with the US' antitrust policies Give one example of a US government action to regulate a monopoly?
Wiki User
∙ 11y ago
In a totally free enterprise environment companies will tend to maximize the wealth (and/or power) of their leaders and/or owners. This is good if you happen to be a leader or owner of such a company. It is bad if you are a worker or customer of the company. As a company approaches 100% market share it obtains excessive power over both customers and employees of its industry - since they have no choice (unless there is some substitute industry). As it grows it becomes more and more able to drive out remaining competitors.
ATT (known as "Ma Bell") had a monopoly on all aspects of phone service in the US. A Federal judge heard an anti-trust case and broke up the company.
Wiki User
∙ 11y ago
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What policies help to control abuse of monopoly power?
Economists have often advocated antitrust policy, public enterprise, or regulation to control the abuse of monopoly power.
What are the Three government checks on big business?
Laws controlling monopoliesThe Clayton Antitrust ActThe Federal Trade Commission(OW)
What are the laws that encourage competition in the marketplace called?
antitrust laws =)
How did government try to control big businesses?
the sherman antitrust act (1890) was supposed to stop businesses from using trust to destroy competition.
What laws are designed to control monopoly power and to preserve and promote competition?
Antitrust or Antitrust Laws
Which of these was not directly associated with the railroads?
Sherman Antitrust Act
What has the author Herbert Hovenkamp written?
Herbert Hovenkamp has written: 'Enterprise and American law 1836-1937' 'Federal antitrust policy' -- subject(s): Antitrust law, Economic aspects, Economic aspects of Antitrust law
What was the antitrust policy?
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
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.
Government acts to preserve competition through?
antitrust laws
What has the author William E Kovacic written?
William E. Kovacic has written: 'The antitrust government contracts handbook' -- subject(s): Antitrust law, Government purchasing, Law and legislation, Public contracts
What has the author Firat Cengiz written?
Firat Cengiz has written: 'Antitrust federalism in the EU and the US' -- subject(s): Federal government, Antitrust law
Which government entity is charged with investigating and enforcing antitrust laws?
The Federal Trade Commission (FTC) and the Antitrust Division of the U.S. Department of Justice are the main government entities responsible for investigating and enforcing antitrust laws in the United States. These agencies work to promote fair competition and prevent monopolistic practices that harm consumers and the market.
Where can an antitrust attorney be found?
An antitrust attorney can be found in law firms that specialize in antitrust law, or in the antitrust division of government agencies such as the Department of Justice or the Federal Trade Commission. Antitrust attorneys may also work in-house for corporations that have significant antitrust issues or concerns.
Which government policy would this cartoonist most likely support?
adopting antitrust laws
What do the antitrust laws allow the us government to do?
allow a congressperson to create a state religion
What policies help to control abuse of monopoly power?
Economists have often advocated antitrust policy, public enterprise, or regulation to control the abuse of monopoly power.
