The Celler-Kefauver Act of 1950
A)modified patent legislation by reducing the number of years over which a patent is applicable.
B)prohibited any firm from acquiring the real assets of another firm where the effect was to lessen competition.
C)declared all conglomerate mergers to be illegal.
D)prohibited any firm from buying the stock of another firm where the effect was to lessen competition.

Question

Quizplus · Accepted Answer

The Celler-Kefauver Act of 1950 aimed to close loopholes in earlier antitrust laws by prohibiting acquisitions of assets that would reduce competition, not just stock acquisitions.