Question

1. Fill in the blank: U.S. laws passed in the late 1800s and early 1900s designed to prevent large business from forming monopolies are collectively known as ____________.

2. Apple was fined ____________ for violating antitrust laws in France.
a. $1.2 billion
b. $1.2 million
c. $330.5 million
d. none of these

3. True or false: An Apple spokesperson apologized for the firm’s actions and agreed with the regulator’s decision.

4.Why do nations have antitrust laws?

Answer 1

1)The laws designed to stop unfair competition and restrict monopolies which basically are known as antitrust laws

2) In France , because Apple violated Antitrust laws, it was fined $1.2 billion USD or 1.1 billion Euro

Therefore (a) is the answer to this question

3) The given statement is False where Apple Spokesman didn't apologise where they've been fighting on the whole and that's why

(False) is the answer

4) Anti Trust Laws are in place for a nation because to restrict unfair competitive practices due to market power and these laws help the small competitors to rise up and increase the business in the country so that the power of the industry will not be restricted to single for few companies.