The U.S. government has implemented a number of laws over the years to ensure the U.S. economy remains fair, competitive and free of monopolies.One such law has the following characteristics:
$\bullet$It is also a criminal law, and individuals and businesses that violate it may be prosecuted by the Department of Justice.
$\bullet$It imposes criminal penalties of up to $100 million for a corporation and $1 million for an individual.
$\bullet$It doesn't clearly prohibit mergers or interlocking directorates.
$\bullet$It outlaws "every contract, combination, or conspiracy in restraint of trade."
Which of the following laws is described by the characteristics described above?
A)The Hart-Scott-Rodino Act
B)The Clayton Act
C)The Sherman Act
D)The Robinson-Patman Act
E)The Federal Trade Commission (FTC) Act

Question

​The U.S. government has implemented a number of laws over the years to ensure the U.S. economy remains fair, competitive and free of monopolies.One such law has the following characteristics: 
$\bullet$It is also a criminal law, and individuals and businesses that violate it may be prosecuted by the Department of Justice.
$\bullet$It imposes criminal penalties of up to $100 million for a corporation and $1 million for an individual.
$\bullet$It doesn't clearly prohibit mergers or interlocking directorates.
$\bullet$It outlaws "every contract, combination, or conspiracy in restraint of trade."
Which of the following laws is described by the characteristics described above?
A)The Hart-Scott-Rodino Act
B)The Clayton Act
C)The Sherman Act
D)The Robinson-Patman Act
E)The Federal Trade Commission (FTC) Act

Quizplus · Accepted Answer

The Sherman Act is a criminal law that outlaws contracts, combinations, or conspiracies in restraint of trade and imposes significant penalties for violations.

​The US Government Has Implemented a Number of Laws Over the the Years

The US Government Has Implemented a Number of Laws Over the the Years