Asked by Nicholas Boren on Jul 12, 2024
Verified
The Sherman Act was designed to
A) exempt commercial banks from the antitrust laws.
B) make interlocking directorates legal.
C) prohibit misleading and antisocial advertising.
D) make monopoly and acts that restrain trade illegal.
Sherman Act
A landmark U.S. antitrust law passed in 1890 that prohibits monopolistic business practices and encourages competition.
Monopoly
A market condition where a single company or entity exclusively controls a particular commodity or service, often leading to less competition and higher prices.
- Acquire insight into the elementary notions and intentions of antitrust regulations and strategies.
- Comprehend the importance of the Sherman Antitrust Act alongside other principal legislative measures in molding antitrust policies.
Verified Answer
SO
Sammy OrtizJul 15, 2024
Final Answer :
D
Explanation :
The Sherman Act, enacted in 1890, was designed to combat anticompetitive practices, reduce market monopolies, and preserve free competition by making monopoly and acts that restrain trade illegal.
Learning Objectives
- Acquire insight into the elementary notions and intentions of antitrust regulations and strategies.
- Comprehend the importance of the Sherman Antitrust Act alongside other principal legislative measures in molding antitrust policies.