In the United States, antitrust laws O A. regard excess competition as a felony under Section 3 of the Sherman Act. O B. place a maximum limit of 125 firms that are allowed to compete in any market. C. do not always prosecute firms if they have fixed their prices. O D. do not allow one person to be a director of two competing firms if being a member "substantially lessens competition". O E. break up a company if it is too large because "size itself is an offense."
In the United States, antitrust laws O A. regard excess competition as a felony under Section 3 of the Sherman Act. O B. place a maximum limit of 125 firms that are allowed to compete in any market. C. do not always prosecute firms if they have fixed their prices. O D. do not allow one person to be a director of two competing firms if being a member "substantially lessens competition". O E. break up a company if it is too large because "size itself is an offense."
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:In the United States, antitrust laws
O A. regard excess competition as a felony under Section 3 of the Sherman Act.
O B. place a maximum limit of 125 firms that are allowed to compete in any market.
O C. do not always prosecute firms if they have fixed their prices.
D. do not allow one person to be a director of two competing firms if being a member "substantially lessens competition".
E. break up a company if it is too large because "size itself is an offense."
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