Asked by
Jason Mclaurin
on Oct 12, 2024Verified
Which of the following laws stated that attempts to monopolize,conspiracies in restraint of trade,and conspiracies to monopolize were illegal?
A) The Federal Trade Commission Act
B) The Clayton Act
C) The Sherman Antitrust Act
D) All of the choices are correct.
Sherman Antitrust Act
U.S. legislation passed in 1890 aimed at promoting fair competition for the benefit of consumers, by prohibiting monopolies and other activities that restrict trade.
Monopolize
The action or condition where a single company or entity gains exclusive control over a market, commodity, or service, often hindering competition.
Restraint of Trade
Practices that reduce competition or restrict trade, often illegal under antitrust laws designed to promote fair competition for the benefit of consumers.
- Acknowledge and depict various antitrust acts and their influence on commercial practices.
Verified Answer
AS
Learning Objectives
- Acknowledge and depict various antitrust acts and their influence on commercial practices.