Antitrust Standards for 1975

The formulation of standards for antitrust policy has long been an important goal of researchers in the field of industrial organization. This paper seeks to pursue its objective of a consideration of the formulation of standards for antitrust policy with reference to their future implications by analysis of four areas. First, the main outlines of the characteristics of the economy of 1975 are set forth. Second, the objectives of antitrust policy are reconsidered, reformulated, and restated.

Third, propositions about the structure and behavior of industries in the economy are considered. Fourth, the implications of the foregoing background materials are related to a statement of economic processes which place in perspective public policies toward the internal and external growth patterns of business firms.