A monopoly is a firm that can set its own prices and does not face competition. The government has _____ to prevent companies from becoming monopolies.

A. Copyright
B. Patents
C. Antitrust laws

Antitrust laws (Answer C) are in place to prevent companies from becoming monopolies.

Antitrust laws are also known as competition laws regulate anti-competitive company behavior by: (1) banning improper market behavior (e.g. price gouging, refusal to deal, formation of cartels etc.); and (2) supervising large company mergers or acquisitions.

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A monopoly is a firm that can set its own prices and does not face competition. The government has _____ to prevent companies from becoming monopolies. A. Copyright B. Patents C. Antitrust laws

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A monopoly is a firm that can set its own prices and does not face competition. The government has _____ to prevent companies from becoming monopolies.

A. Copyright
B. Patents
C. Antitrust laws