Asked by Naomi Allen on Jul 21, 2024
Verified
Which of the following made monopoly and restraints of trade criminal offenses against the federal government?
A) Celler-Kefauver Act of 1950
B) Wheeler-Lea Act of 1938
C) Clayton Act of 1914
D) Sherman Act of 1890
Monopoly
A market structure characterized by a single seller who has exclusive control over a particular good or service.
Criminal Offenses
Acts or omissions punishable by law as defined by statute or common law.
- Review the historical and legal frameworks of antitrust statutes and their adjustments, featuring the Sherman Act, Clayton Act, and Celler-Kefauver Act.
Verified Answer
KK
Kareem KamalJul 22, 2024
Final Answer :
D
Explanation :
The Sherman Act of 1890 was the first federal act that outlawed monopolistic business practices. It made monopoly and restraints of trade criminal offenses against the federal government.
Learning Objectives
- Review the historical and legal frameworks of antitrust statutes and their adjustments, featuring the Sherman Act, Clayton Act, and Celler-Kefauver Act.