Antitrust policy should promote efficiency from "summary" of The Antitrust Paradox by Robert Bork
Antitrust policy should promote efficiency. This principle is fundamental to the proper functioning of markets. Efficiency means that resources are allocated in a way that maximizes overall welfare. In other words, antitrust policy should aim to ensure that goods and services are produced and distributed in the most efficient manner possible. This benefits consumers by allowing them to purchase goods at the lowest possible prices. Efficiency is achieved when competition is allowed to flourish. Competition forces firms to constantly innovate and improve their products and services in order to attract customers. This dynamic process leads to lower prices, higher quality goods, and more choices for consumers. As a result, consumers are able to enjoy the benefits of a thriving market economy. In con...
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