According to the U.S.Supreme Court's 1920 ruling on U.S.Steel,
A)all monopolies are illegal
B)all oligopolies violate the Sherman Antitrust Act
C)large firms cannot be found to be in violation of the Sherman Antitrust Act
D)"mere size is no offense"
E)possession of market power is sufficient for a firm to be found in violation of the Sherman Antitrust Act

Question

Quizplus · Accepted Answer

The U.S. Supreme Court ruled in 1920 that "mere size is no offense" in regards to antitrust violations. This means that just being a large firm is not enough to be found guilty of violating the Sherman Antitrust Act. Therefore, option D is the correct choice.