Asked by Isabella Garcia on Jun 09, 2024
Verified
The 1890 law intended to prevent the establishment of more monopolies and to break up existing ones in the United States was the _____ Act.
A) Taft-Hartley
B) Sherman Antitrust
C) Affordable Care
D) Federal Trade Commission
Sherman Antitrust Act
A landmark federal statute in the United States passed in 1890 that prohibits monopolistic business practices.
Monopolies
Market structures characterized by a single seller dominating the market, with no close substitutes for the product or service offered, leading to reduced competition.
- Identify the role of antitrust laws in preventing monopolies and maintaining competition.
Verified Answer
PY
Paige YoderJun 09, 2024
Final Answer :
B
Explanation :
The law described in the question refers to the Sherman Antitrust Act, which was passed by the U.S. Congress in 1890. The other options mentioned - Taft-Hartley, Affordable Care, and Federal Trade Commission - are unrelated to this topic.
Learning Objectives
- Identify the role of antitrust laws in preventing monopolies and maintaining competition.
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