Asked by Francesca Kivitt on May 21, 2024
Verified
The cornerstone of antitrust legislation in the U.S. is the
A) Clayton Act.
B) Sherman Act.
C) Celler-Kefauver Act.
D) Federal Trade Commission Act.
Sherman Act
A foundational antitrust law in the United States aimed at prohibiting monopolistic practices and promoting competition.
Antitrust Legislation
Laws implemented to prevent anti-competitive practices, monopolies, and to promote fair competition in the marketplace.
- Acquire knowledge of legal provisions and acts intended to restrict monopoly power and enhance market competition.
Verified Answer
JM
Jayla MorrisMay 22, 2024
Final Answer :
B
Explanation :
The Sherman Act, enacted in 1890, is considered the cornerstone of antitrust legislation in the U.S. because it was the first federal act that outlawed monopolistic business practices.
Learning Objectives
- Acquire knowledge of legal provisions and acts intended to restrict monopoly power and enhance market competition.