Title: Why are laws aimed at regulating monopolies called "antitrust" laws? Post by: wildcat290 on Oct 10, 2019 Question 1. What is the difference between a monopoly's marginal revenue curve and a perfect competitor's marginal revenue curve? Question 2. Why are laws aimed at regulating monopolies called "antitrust" laws? ▸ "Trust" was a word in Old English that meant monopoly in the Middle Ages. Therefore, "antitrust" is a term that means "against monopoly." ▸ The rise of large firms (e.g., Standard Oil) in the late 1800s in the United States caused consumers to lose trust in private business. ▸ In the late 1800s, firms in several industries formed trusts; the firms were independent but gave voting control to a board of trustees. Antitrust laws were passed to regulate these trusts. ▸ In the late 1800s, firms in several industries formed trusts; they were called "trusts" because when corporate officials were questioned about their business they would clam that business was good for the country and that they should trusted. Title: Why are laws aimed at regulating monopolies called "antitrust" laws? Post by: sadeen on Oct 10, 2019 Content hidden
Title: Why are laws aimed at regulating monopolies called "antitrust" laws? Post by: wildcat290 on Oct 10, 2019 TY
Title: Why are laws aimed at regulating monopolies called "antitrust" laws? Post by: sadeen on Oct 10, 2019 Welcome :)
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