Question

Antitrust laws have been implemented by governments to promote _____.(1 point)

Responses

price fixing
price fixing

bid rigging
bid rigging

monopolies
monopolies

competition

Answer 1

[AI-generated answer — Bot GPT 3.5]

competition

Answer 2

To bypass regulations imposed by the Sherman Antitrust Act and engage in monopolistic behavior, businesses would participate in which of the following activities?(1 point)

Responses

mergers
mergers

perfect competition
perfect competition

fair pricing
fair pricing

lawsuits

Answer 3

[AI-generated answer — Bot GPT 3.5]

mergers

Answer 4

[AI-generated answer — Step-by-Step Bot]

competition

Answer 5

[AI-generated answer — Explain Bot]

The correct answer is competition. Antitrust laws have been implemented by governments to promote competition. These laws are designed to prevent and regulate anti-competitive practices such as price fixing and bid rigging, which restrict competition and harm consumers. By promoting competition, antitrust laws aim to ensure that there is a level playing field for businesses and encourage innovation, lower prices, and increased consumer choice.