Asked by

Gianna Catapano
on Nov 21, 2024

verifed

Verified

Which of the following most closely states the purpose of enacting the Sherman Act?

A) To stop trusts from unfairly restricting market competition.
B) To stop trusts from acting inefficiently.
C) To create exemptions from excessive government regulation in order to spur economic growth.
D) To create government-sponsored monopolies to compete with powerful corporations.
E) To regulate interstate commerce.

Sherman Act

A foundational antitrust law in the United States passed in 1890 that prohibits monopolies and any unreasonable constraints of trade.

Market Competition

The rivalry among businesses to attract customers and gain market share through price, product quality, services, and innovation.

Unfairly Restricting

refers to practices or policies that unduly limit the freedoms or opportunities of individuals or entities, often in a manner that is deemed unjust or biased.

  • Highlight and define the purpose and consequences of antitrust laws, including the Sherman Act and Clayton Act, on the competitive environment of markets.
verifed

Verified Answer

CS
Cameron SmithNov 25, 2024
Final Answer:
Get Full Answer