Which of the following acts was enacted to prevent businesses from restraining trade and monopolizing markets?
A) Sherman Antitrust Act
B) Clayton Act
C) Federal Trade Commission Act
D) Robinson-Patman Act
E) Wheeler-Lea Act

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act of 1890 was the first federal law passed to curb monopolies and restrain business practices that led to anticompetitive behavior. This act prohibited trusts, cartels, and other forms of business agreements that restrained trade, monopolized markets, or created an unfair advantage for certain businesses. The Sherman Antitrust Act paved the way for subsequent acts like the Clayton Act, Federal Trade Commission Act, and Robinson-Patman Act to further regulate and prevent monopolies and anticompetitive behavior in the business world.

Which of the Following Acts Was Enacted to Prevent Businesses