A trust is
A) a cartel.
B) legal under the Sherman Act.
C) an arrangement in which the owners of several companies transfer their decision-making powers to a group of trustees.
D) all of the above

Question

Quizplus · Accepted Answer

A trust is an arrangement in which the owners of several companies transfer their decision-making powers to a group of trustees. It is not a cartel and it is not legal under the Sherman Act, which prohibits monopolies and anti-competitive behavior.

A Trust Is