Asked by Jordan Thornhill on May 26, 2024
Verified
The cornerstone of antitrust policy in the United States is generally considered to be the Sherman Antitrust Act of 1890.
Sherman Antitrust Act
An 1890 U.S. legislation aimed at prohibiting monopolistic business practices, thereby promoting competition in the marketplace.
- Gain an understanding of the basic ideas and goals underlying antitrust statutes and policies.
- Acquire knowledge of the vital role played by the Sherman Antitrust Act and additional significant laws in the formation of antitrust policy.
Verified Answer
LN
Litsy NodarseMay 27, 2024
Final Answer :
True
Explanation :
The Sherman Antitrust Act of 1890 is indeed considered the cornerstone of antitrust policy in the United States, as it was the first federal act that outlawed monopolistic business practices.
Learning Objectives
- Gain an understanding of the basic ideas and goals underlying antitrust statutes and policies.
- Acquire knowledge of the vital role played by the Sherman Antitrust Act and additional significant laws in the formation of antitrust policy.