Question

1. Antitrust laws A. are an internationally agreed upon set of laws that prohibit actions that? restrain, or are likely to? restrain, competition. B. make it illegal for any monopoly other than a natural monopoly to exist. C. prohibit actions that? restrain, or are likely to? restrain, competition. D. prevent firms from price discriminating E. are a clearly defined set of rules and regulations designed to promote competition.

Answer 1

Antitrust laws are the rules and regulations that are formed and implemented by the government to eliminate scenario that can lead to creation of monopoly or concentration of market power so that competition in market can be promoted.

These are not formed at international level but are organized at national level.

These laws prohibit monopoly of any nature.

These laws does not promote competition in direct manner but tends to negate the power of forces that can stifle the competition.

Thus,

Antitrust laws prohibit actions that restrain or are likely to restrain, competition.

Hence, the correct answer is the option (C).