Did Stigler believe in the effectiveness of antitrust laws?
Strongly believed
Moderately believed
Slightly believed
Skeptical of their effectiveness
Answer
Stigler believed antitrust laws were not effective in controlling monopolies. He argued that firms could evade regulations, and antitrust enforcement was often arbitrary due to political influence. He maintained competition in markets, along with economic efficiency, would naturally limit monopoly power's growth.
Mastering the Market: The George Stigler Challenge
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