The Celler-Kefauver Act of 1950:
A) amended the Sherman Act to outlaw price fixing where the effect is to lessen competition.
B) created the Interstate Commerce Commission.
C) prohibited conglomerate mergers where the effect is to lessen competition.
D) prohibited a firm from acquiring the assets of another firm where the effect is to lessen competition.

Question

The Celler-Kefauver Act of 1950: ​
A) ​amended the Sherman Act to outlaw price fixing where the effect is to lessen competition.
B) ​created the Interstate Commerce Commission.
C) ​ prohibited conglomerate mergers where the effect is to lessen competition.
D) ​prohibited a firm from acquiring the assets of another firm where the effect is to lessen competition.

Quizplus · Accepted Answer

The Celler-Kefauver Act of 1950 strengthened antitrust laws by prohibiting a firm from acquiring the assets of another firm if it would substantially lessen competition or tend to create a monopoly.

The Celler-Kefauver Act of 1950: ​

The Celler-Kefauver Act of 1950: