The Sherman Antitrust Act
A)was passed to encourage judicial leniency in the review of cooperative agreements.
B)was concerned with self-interest dominated Nash equilibriums in prisoners' dilemma games.
C)enhanced the ability to enforce cartel agreements.
D)restricted the ability of competitors to engage in cooperative agreements.

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act was passed in 1890 to restrict the ability of competitors to engage in cooperative agreements, such as price fixing and market sharing, that would reduce competition and harm consumers. The act was aimed at promoting a competitive marketplace and preventing monopolies from controlling prices and limiting consumer choice.