Asked by blake mitchell on Jun 09, 2024
Verified
In the Alcoa case of 1945,the courts held that:
A) the mere possession of monopoly power is a violation of the antitrust laws.
B) only contracts and combinations that unreasonably restrain trade are in violation of the Sherman Act.
C) retail and wholesale firms are exempt from antitrust legislation.
D) firms that sell more than one-half of their output overseas are exempt from antitrust.
Sherman Act
A foundational United States antitrust law passed in 1890 that aims to prevent monopolistic practices and promote competition.
- Comprehend the principle of the "rule of reason" within antitrust legislation.
Verified Answer
AT
Aaron TavizonJun 10, 2024
Final Answer :
A
Explanation :
The courts held that the mere possession of monopoly power is a violation of the antitrust laws. This ruling established the concept of "monopolization" as a violation of the Sherman Antitrust Act.
Learning Objectives
- Comprehend the principle of the "rule of reason" within antitrust legislation.