Asked by Cathy Tuzon on Jul 23, 2024
Verified
________ made illegal every conspiracy in restraint of trade or commerce among the several states.
A) The Sherman Antitrust Act
B) The Clayton Act
C) The FTC Act
D) The Humphrey-Hawkins Act
Sherman Antitrust Act
A landmark federal statute in the US passed in 1890 that outlaws monopolistic business practices and promotes free competition in the marketplace.
Restraint of Trade
Any activity or agreement that restricts competition in the marketplace, often reviewed under antitrust laws.
Commerce
The activity of buying and selling goods and services, especially on a large scale, including legal, economic, and political interactions.
- Understand the historical context and significance of key legislation in antitrust law.
Verified Answer
Learning Objectives
- Understand the historical context and significance of key legislation in antitrust law.
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