Asked by Adrieanna Davis-Coco on May 11, 2024

verifed

Verified

The antitrust case that ended the use of the "rule of reason" by the Supreme Court was the ________ case.

A) American Tobacco
B) ALCOA
C) U.S.Steel
D) IBM

Rule of Reason

A legal doctrine used in antitrust law, determining the legality of a business practice based on its overall reasonableness and its impact on competition.

American Tobacco

The American Tobacco Company was a major American tobacco company founded in 1890 by J.B. Duke, which played a significant role in the development of the tobacco industry in the United States.

  • Elucidate the principle of the "rule of reason" within antitrust legislation and its utilization.
verifed

Verified Answer

TJ
TONYA JOHNSONMay 13, 2024
Final Answer :
B
Explanation :
The antitrust case that ended the use of the "rule of reason" by the Supreme Court was the ALCOA case in 1945. The rule of reason was a legal principle that required courts to evaluate whether business practices were reasonable or unreasonable, rather than automatically considering them illegal. The Supreme Court's decision in the ALCOA case shifted the focus to a more strict standard that looked at whether a business had a monopoly or attempted to monopolize a market.