The _____ holds that contracts or conspiracies in restraint of trade are illegal only if they constituted undue or unreasonable restraints of trade and that only unreasonable attempts to monopolize are covered by the Sherman Act.
A) rule of per se illegality
B) Parker v. Brown doctrine
C) rule of reason
D) duty-to-deal doctrine
E) Ker-Frisbie doctrine

Question

Quizplus · Accepted Answer

The rule of reason was announced in Standard Oil Co. v. United States The Supreme Court in that case held that contracts or conspiracies in restraint of trade were illegal only if they constituted undue or unreasonable restraints of trade and that only unreasonable attempts to monopolize were covered by the Sherman Act.

The _____ Holds That Contracts or Conspiracies in Restraint of Trade