Asked by Jordan Tongen on May 08, 2024
Verified
Section 2 of the Sherman Act essentially condemns the act of monopolizing, not the possession of monopoly power.
Monopolizing
The act of dominating a particular market or industry, often by eliminating or significantly reducing competition.
Sherman Act
A foundational antitrust law in the United States that prohibits monopolies, attempts to monopolize, and other practices that restrain interstate commerce and trade.
Monopoly Power
The ability of a monopoly to dictate what takes place in a given market.
- Explore the ramifications of having significant market power and monopolizing practices on competitive activities.
Verified Answer
YP
Yi Ping HuangMay 12, 2024
Final Answer :
True
Explanation :
Section 2 of the Sherman Act targets the conduct of acquiring or maintaining monopoly power through improper means, rather than merely possessing monopoly power.
Learning Objectives
- Explore the ramifications of having significant market power and monopolizing practices on competitive activities.