Fred owns a tractor business that has been in his family for fifty years,and it is the only tractor business in his small rural town.Others have tried to compete with him,but despite the fact that Fred did nothing out of the ordinary,the others failed and went out of business.Nevertheless,Fred's business is an illegal monopoly in violation of the Sherman Act.

Question

Quizplus · Accepted Answer

A monopoly is not illegal under the Sherman Act unless it is maintained through anti-competitive practices. Simply being the only business in town does not constitute an illegal monopoly.

Fred Owns a Tractor Business That Has Been in His