The ________ Act was the first antitrust bill created in response to the increase in concentration ratios in many leading U.S.industries,including steel,railroads,mining,textiles,and oil.
A) Sherman Antitrust
B) Fair Trade
C) Steel Industry
D) Citigroup Relief
E) Sarbanes-Oxley

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act was passed in 1890 in response to the increase in concentration ratios in many leading U.S. industries, including steel, railroads, mining, textiles, and oil. The act prohibits anticompetitive behavior and the abuse of monopoly power, making it one of the most important pieces of antitrust legislation in U.S. history. The act has been used to break up monopolies and prevent anticompetitive mergers and acquisitions.

The ________ Act Was the First Antitrust Bill Created in Response