The Sherman Antitrust Act

A) called for the establishment of the Federal Trade Commission.
B) made tying contracts illegal and banned price discrimination.
C) declared monopoly and trade restraints illegal.
D) limited mergers that would substantially limit competition.

Sherman Antitrust Act

A landmark federal statute in the U.S. that prohibits monopolistic business practices, aimed at promoting fair competition for the benefit of consumers.

Monopoly

Monopoly describes the economic condition where one seller dominates the entire market, thus setting prices and product availability without competition.

Trade Restraints

Measures implemented by governments or businesses that restrict international trade, such as tariffs, quotas, and embargoes.