Asked by Sylvanna Riazzo on Jun 09, 2024
Verified
The Sherman Act:
A) was declared unconstitutional in 1895.
B) provided for government regulation of the railroads.
C) declared monopoly and restraints of trade to be illegal.
D) exempted the railroad and communications industries from the antitrust laws.
Sherman Act
A landmark federal statute in the field of United States antitrust law aimed at preserving competitive markets by prohibiting monopolistic practices.
Restraints of Trade
Practices or agreements that limit competition or control prices within a market.
Monopoly
A market structure characterized by a single seller, selling a unique product in the market with no close substitutes.
- Identify the distinctions among key antitrust legislation: Sherman Act, Clayton Act, Federal Trade Commission Act, and Celler-Kefauver Act.
Verified Answer
KS
Kirill ShapkinJun 11, 2024
Final Answer :
C
Explanation :
The Sherman Act declared monopoly and restraints of trade to be illegal.
Learning Objectives
- Identify the distinctions among key antitrust legislation: Sherman Act, Clayton Act, Federal Trade Commission Act, and Celler-Kefauver Act.