Answer: False. Controversies over antitrust laws do not imply that there is nothing governments can do to improve market outcomes. Antitrust laws exist precisely to address potential market failures and promote competition, which can lead to better market outcomes for consumers and businesses alike. Governments have several tools at their disposal to improve market outcomes, including but not limited to:
- Enforcing antitrust laws to prevent monopolies and promote competition.
- Regulating industries to ensure consumer safety and protect against externalities.
- Providing incentives to encourage innovation and investment.
- Establishing property rights and enforcing contracts to ensure that markets function efficiently.
- Providing public goods and services that the private sector may not provide on its own.
These are just a few examples of the ways in which governments can improve market outcomes.