The growing popularity of a new shoe company has enabled the company to pursue the purchase of other major shoe brands. In response, the US government passes a new antitrust law for the shoe
industry. How will this MOST LIKELY impact the industry?
A
It will help increase tax revenue from the industry
B
It will lead to higher prices for consumers
C
It will lead to decreased production levels
D
It will help maintain competition in the industry

Question

30-04-2024
Business

contestada

The growing popularity of a new shoe company has enabled the company to pursue the purchase of other major shoe brands. In response, the US government passes a new antitrust law for the shoe
industry. How will this MOST LIKELY impact the industry?
A
It will help increase tax revenue from the industry
B
It will lead to higher prices for consumers
C
It will lead to decreased production levels
D
It will help maintain competition in the industry

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-04-30T20:15:45+02:00

The US government passing a new antitrust law for the shoe industry in response to the growing popularity of a new shoe company aiming to purchase other major shoe brands will MOST LIKELY impact the industry by: D. It will help maintain competition in the industry. Explanation: 1. Antitrust laws are designed to promote and protect competition in the marketplace. 2. By implementing such a law in the shoe industry, the government aims to prevent monopolies or unfair business practices that could harm competition. 3. This regulation would ensure that consumers have a variety of choices, prices remain competitive, and innovation is encouraged. 4. Ultimately, the antitrust law would help maintain a level playing field for all companies in the industry, fostering healthy competition and benefiting consumers.