In the U.S., the Sherman Act makes illegal all contracts, combinations and conspiracies, which "unreasonably" restrain trade. The Act applies to all transactions and businesses engaging in both interstate and intrastate trade.

Question

Quizplus · Accepted Answer

The Sherman Act primarily applies to interstate commerce. While it has been interpreted broadly to cover a wide range of activities affecting interstate trade, its direct application is to those activities that have a substantial effect on interstate commerce, rather than intrastate trade which is generally governed by state laws.

In the US, the Sherman Act Makes Illegal All Contracts, Combinations and Combinations