Question
Which one of the following statements about competition would those responsible for the antitrust laws most likely agree?
Answer: Option B
:
B
The most crucial element while answering this question is that we should base our answer on the information available in the passage alone. The passage does not talk about competition being essential to consumers’ welfare. Hence, option A can be eliminated. Prevention of abuse of monopoly power is the principal aim of antitrust laws, option C is wrong. Option D is irrelevant. In the passage, the author talks about acceptable and unacceptable ways to reduce competition (third and fourth paragraphs) making B the correct answer.
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:
B
The most crucial element while answering this question is that we should base our answer on the information available in the passage alone. The passage does not talk about competition being essential to consumers’ welfare. Hence, option A can be eliminated. Prevention of abuse of monopoly power is the principal aim of antitrust laws, option C is wrong. Option D is irrelevant. In the passage, the author talks about acceptable and unacceptable ways to reduce competition (third and fourth paragraphs) making B the correct answer.
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