The antitrust legislation that made it illegal for a firm to pay cash for a competitor's patents, plant, and equipment was the:
A) Sherman Antitrust Act.
B) Celler-Kefauver Act.
C) Robinson-Patman Act.
D) Clayton Act.
E) FTC Act.

Question

Quizplus · Accepted Answer

The Celler-Kefauver Act was passed in 1950 and amended the Clayton Act. It made it illegal for a firm to buy the assets of a competitor if the effect would be to substantially lessen competition. This included not only buying a competitor's plants and equipment, but also buying patents and other intangible assets.

The Antitrust Legislation That Made It Illegal for a Firm