Week6-Laws310 - Week 6 Assignment Question 2, p. 410,...

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Week 6 Assignment Question 2, p. 410, Chapter Questions, parts a & b A) The anti trust law is not an appropriate vehicle for protecting small business. Antitrust laws promote efficiency and encourage competition. Back to the protection of small businesses - it doesn't really protect them at all. Antitrust laws encourage others to enter the market, which actually sinks many small businesses. Businesses fight against each other providing the highest quality products at the lowest prices, which in turn means the highest possible efficiency. If small businesses in the market cannot operate at peak performance, they then fail. Antitrust laws merely keep small businesses from growing through non-efficient methods. B) Yes small businesses should be protected. Small business cannot compete with large corporations. In today’s economy small businesses are struggling with the high prices of goods and services that they need to operate. Where as large corporations are getting lower prices because of the quantity that they are
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This note was uploaded on 11/10/2009 for the course LAWS laws310 taught by Professor Sered during the Spring '09 term at DeVry Westminster.

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Week6-Laws310 - Week 6 Assignment Question 2, p. 410,...

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