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The first major federal legislation passed to forbid actual monopolies or attempts to monopolize any part of trade or commerce in the United States was the
A) Lanham Act.
B) Federal Trade Commission Act.
C) Robinson-Patman Act.
D) Sherman Antitrust Act.
E) Clayton Act.
Sherman Antitrust Act
A landmark federal statute in the United States passed in 1890 aimed at preserving competitive markets by prohibiting monopolies and restraint of trade.
Federal Legislation
Laws enacted by the national government that apply to the entire country.
Federal Trade Commission Act
A United States federal law established in 1914 to prevent unfair competition and deceptive practices in the marketplace, creating the Federal Trade Commission.
- Familiarize oneself with the intention and repercussions of federal laws concerning competitive business environments, including the Clayton Act, Sherman Antitrust Act, and Robinson-Patman Act.
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Learning Objectives
- Familiarize oneself with the intention and repercussions of federal laws concerning competitive business environments, including the Clayton Act, Sherman Antitrust Act, and Robinson-Patman Act.
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