The ________ forbids contracts that restrain trade or create monopolies.

Question

Quizplus · Accepted Answer

The Sherman Anti-Trust Act, passed in 1890, is a federal law that prohibits any contract, trust, or conspiracy that restrains trade or creates a monopoly. It is the first and most important antitrust law passed in the United States. The Clayton Act, passed in 1914, complemented the Sherman Act by prohibiting specific business practices that are likely to reduce competition. The Robinson-Patman Act, also known as the Anti-Price Discrimination Act, prevents price discrimination and ensures fair competition. The Miller-Tydings Act is a federal law that exempts certain resale price agreements from antitrust scrutiny under the Sherman Act.

The ________ Forbids Contracts That Restrain Trade or Create Monopolies