The ________,which was enacted in 1950,widened the scope of Section 7 of the Clayton Act to include asset acquisitions.
A) Hart-Scott-Rodino Antitrust Improvement Act
B) Sherman Act
C) Celler-Kefauver Act
D) Robinson-Patman Act

Question

Quizplus · Accepted Answer

The Celler-Kefauver Act was enacted in 1950 and it amended Section 7 of the Clayton Act to include asset acquisitions. The Act was designed to prevent anti-competitive mergers and acquisitions, and to ensure that market competition was not hindered by the concentration of economic power in the hands of a few large corporations. The other options are not relevant to the widening of the scope of Section 7 of the Clayton Act in relation to asset acquisitions.

The ________,Which Was Enacted in 1950,widened the Scope of Section