Which of the following best states the purpose of Wilson's anti-trust legislation?

• A. To increase government ownership of private businesses
• B. To reduce government regulation of business practices
• C. To prevent the formation of monopolies and promote competition in the marketplace
• D. To encourage mergers between large corporations

Answer: (C)

Verified step by step guidance

1. Understand the context of Wilson's anti-trust legislation, which refers to laws aimed at regulating business practices to ensure fair competition.
2. Recall that anti-trust laws are designed to prevent monopolies, which occur when a single company dominates a market, reducing competition and potentially harming consumers.
3. Recognize that the purpose of such legislation is not to increase government ownership or reduce regulation, but rather to maintain a competitive market environment.
4. Identify that promoting competition helps protect consumers from unfair pricing and encourages innovation among businesses.
5. Conclude that the best statement describing the purpose of Wilson's anti-trust legislation is to prevent monopolies and promote competition in the marketplace.