Which regulation was passed to eliminate monopolies and guarantee competition?
A)the Telephone Consumer Protection Act (1991)
B)the Robinson-Patman Act (1936)
C)the Sherman Antitrust Act (1890)
D)the Wheeler-Lea Amendment (1938)
E)the Fair Packaging and Labeling Act (1966)

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act was passed in 1890 to eliminate monopolies and guarantee competition in the marketplace. It remains a critical piece of legislation in ensuring fair competition in the economy. Choice A, the Telephone Consumer Protection Act, pertains to telemarketing regulations. Choice B, the Robinson-Patman Act, addresses price discrimination. Choice D, the Wheeler-Lea Amendment, expanded the powers of the Federal Trade Commission to regulate false advertising. Choice E, the Fair Packaging and Labeling Act, requires truthful and informative labels on consumer products.

Which Regulation Was Passed to Eliminate Monopolies and Guarantee Competition