The purchase of the assets of one steelmaker by another steelmaker might be a violation of the:
A) Clayton Act.
B) Federal Trade Commission Act.
C) Celler-Kefauver Act.
D) Robinson-Patman Act.

Question

Quizplus · Accepted Answer

The Celler-Kefauver Act prohibits the acquisition of assets that may substantially reduce competition in a given market. Therefore, the purchase of assets of one steelmaker by another steelmaker could be a violation of this act if it results in a substantial reduction of competition in the steel industry.

The Purchase of the Assets of One Steelmaker by Another