The ________ is an act that requires certain firms to notify the Federal Trade Commission and the Justice Department in advance of a proposed merger and comply with a thirty-day waiting period before the merger is approved.
A)Celler-Kefauver Act
B)Hart-Scott-Rodino Antitrust Improvement Act
C)Robinson-Patman Act
D)Sherman Act

Question

Quizplus · Accepted Answer

The Hart-Scott-Rodino Antitrust Improvement Act requires companies to submit a pre-merger notification to the Federal Trade Commission and the Justice Department and observe a 30-day waiting period before a proposed merger is approved. The Celler-Kefauver Act amended the Clayton Antitrust Act to prohibit stock acquisitions that resulted in anti-competitive practices, the Robinson-Patman Act prohibits price discrimination and the Sherman Act prohibits monopolies and anti-competitive practices.

The ________ Is an Act That Requires Certain Firms to Notify