-The first phase of antitrust policy in the U.S. began with the passage of the Sherman Antitrust Act in 1890. To judge a firm's action, the courts in this period used:
A)a per se rule.
B)a rule of reason.
C)a rule of thumb.
D)rules of order.
E)strict enforcement rule.

Question

-The first phase of antitrust policy in the U.S. began with the passage of the Sherman Antitrust Act in 1890. To judge a firm's action, the courts in this period used:
A)a per se rule. 
B)a rule of reason. 
C)a rule of thumb. 
D)rules of order. 
E)strict enforcement rule.

Quizplus · Accepted Answer

The courts used a "rule of reason" approach during the first phase of antitrust policy following the Sherman Antitrust Act, evaluating whether a firm's actions unreasonably restrained trade.

-The First Phase of Antitrust Policy in the U