Asked by Cathy Tuzon on Jul 23, 2024

verifed

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.
verifed

Verified Answer

JA
Julie AdamsJul 25, 2024
Final Answer :
A
Explanation :
The Sherman Antitrust Act, enacted in 1890, was designed to combat anti-competitive practices, reduce market domination by individual corporations, and preserve unfettered competition as the rule of trade. It made illegal every conspiracy in restraint of trade or commerce among the several states.