Asked by
Blake Saulsbury
on Nov 05, 2024
Verified
The U.S. law that declared monopolies illegal is the Sherman Act of 1890.
Sherman Act
A landmark federal statute passed in the United States to outlaw monopolistic business practices.
Monopolies Illegal
A legal stance or policy where monopolies are prohibited due to their potential to limit competition, raise prices, and reduce choices for consumers.
- Identify the principles of "trade restrictions," practices of monopolization, and the legal consequences of infringing upon antitrust regulations.
Verified Answer
EO
Learning Objectives
- Identify the principles of "trade restrictions," practices of monopolization, and the legal consequences of infringing upon antitrust regulations.