Asked by Julia Gonzalez on Jul 14, 2024

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The U.S. Justice Department, the Federal Trade Commission, state attorneys general, and injured private parties can independently file charges against firms under the Sherman Act.

Sherman Act

The federal antitrust law of 1890 that makes monopoly and conspiracies to restrain trade criminal offenses.

U.S. Justice Department

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

State Attorneys General

The chief legal officers of their respective states, responsible for legal advocacy and enforcement of state laws.

  • Identify the functions of different governmental bodies in the enforcement of antitrust legislation and the regulation of enterprises.
  • Identify and understand the legal frameworks that govern mergers, market dominance, and competitive practices.
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Prashant KumarJul 17, 2024
Final Answer :
True
Explanation :
The Sherman Act is a foundational antitrust law in the United States that prohibits monopolistic practices and promotes competition. The U.S. Justice Department, the Federal Trade Commission (FTC), state attorneys general, and private parties who have been harmed by anticompetitive conduct are all authorized to bring actions under this law to address and remedy violations.