Leasing License Practice Exam

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What is the primary purpose of antitrust laws?

To regulate property taxes
To break monopolies and promote competition
To protect tenant rights
To regulate government contracts

The correct answer is: To break monopolies and promote competition

The primary purpose of antitrust laws is to break monopolies and promote competition. These laws are designed to prevent anti-competitive practices that can harm consumers and stifle innovation. By fostering a competitive market, antitrust laws aim to ensure that no single business can dominate the market to the detriment of others, allowing for fair pricing, better products, and more choices for consumers. This promotes a healthier economy where businesses can compete on a level playing field, ultimately benefiting consumers with competitive pricing and improved services.