The law that closed a loophole in an earlier law that allowed firms to merge to monopoly by buying a firm's assets rather than its shares was the:

Question

Quizplus · Accepted Answer

The Celler-Kefauver Act was passed in 1950 and closed the loophole in the Clayton Act that allowed firms to merge to monopoly by buying a firm's assets rather than its shares. This act expanded the government's power to review and potentially block mergers and acquisitions that could harm competition.

The Law That Closed a Loophole in an Earlier Law