Antitrust action against the American Telephone and Telegraph Company,begun by the Justice Department in 1974
A) led to the 1982 Supreme Court decision to break up AT&T.
B) was an unsuccessful effort by the Justice Department to reestablish the rule of reason doctrine.
C) resulted in an out-of-court settlement in which AT&T divested itself of its 22 local telephone companies.
D) ensured that AT&T would continue to have a monopoly position in local but not long-distance telephone service.
E) resulted in a denial of the proposed conglomerate merger of AT&T and IBM.
Correct Answer:
Verified
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