Question

______ ensures fair competition by preventing those who would deceive consumers from diverting trade from those who compete honestly. a) Monopoly b) Regulation c) Antitrust law d) Market competition

Answer 1

The correct answer is c) Antitrust law. Antitrust laws are in place to prevent unfair competition practices and maintain a level playing field in the market. These laws aim to prevent monopolies, regulate mergers and acquisitions, and prohibit anti-competitive behavior such as price fixing and collusion. By enforcing antitrust laws, authorities ensure that consumers have access to a competitive marketplace and that businesses compete fairly.