Asked by
Pedro Hernandez
on Oct 12, 2024
Verified
Which statement is true?
A) The Sherman Act modified the Clayton Act.
B) The Sherman Act prohibits price discrimination.
C) The Sherman Act prohibits interlocking directorates.
D) The Sherman Act prohibits conglomerate mergers.
E) None of these statements are true.
Sherman Act
The Sherman Act is a foundational antitrust law in the United States that prohibits monopolistic practices and promotes competition.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets.
Interlocking Directorates
When one person serves on the boards of at least two competing firms.
- Understand and explain assorted antitrust legislation and its ramifications on business strategies.
Verified Answer
LP
Learning Objectives
- Understand and explain assorted antitrust legislation and its ramifications on business strategies.