Antitrust laws reinforce the operation of free markets, while regulation replaces free market forces with an authoritative
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Antitrust laws reinforce the operation of free markets, while regulation replaces free market forces with an authoritative body. How do you explain that certain economic problems are dealt with by strengthening market forces while others are dealt with by replacing the market mechanism with regulatory authority?
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The purpose of the antitrust laws is to protect competition Strong competition makes it much more di...View the full answer
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Related Book For 
Economics Theory And Practice
ISBN: 9781118949733
11th Edition
Authors: Patrick J. Welch, Gerry F. Welch
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