Asked by Sakina Pervez on Jul 12, 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.
Monopoly
A market structure characterized by a single seller, selling a unique product in the market.
Restraints of Trade
Activities or factors that limit or obstruct the free trade and competition between businesses within a market.
- Explore the history and legal principles of antitrust laws as well as their updates, including the Sherman Act, Clayton Act, and Celler-Kefauver Act.
Verified Answer
HP
Harry PablaJul 14, 2024
Final Answer :
C
Explanation :
The Sherman Act, passed in 1890, is a foundational antitrust law in the United States that declared monopoly and restraints of trade to be illegal, aiming to maintain competition in the marketplace.
Learning Objectives
- Explore the history and legal principles of antitrust laws as well as their updates, including the Sherman Act, Clayton Act, and Celler-Kefauver Act.