Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Breaking up monopolies
B
Regulating prices in competitive markets
C
Preventing mergers that significantly reduce competition
D
Allowing companies to form cartels under certain conditions
E
Investigating and prosecuting anti-competitive practices
Understanding the Answer
Let's break down why this is correct
Answer
Enforcement under the Sherman Act usually involves courts ordering injunctions to stop unlawful conduct and awarding damages to harmed parties. Courts may also require disgorgement of profits earned through the illegal activity and restitution to those who were harmed. In some cases, the government can seek civil penalties or even criminal sanctions if the conduct is severe. Finally, the courts can order forfeiture of property or assets that were obtained through the anticompetitive behavior. These tools together help to deter and correct violations.
Detailed Explanation
Breaking up monopolies stops one firm from dominating the market. Other options are incorrect because The Sherman Act does not set prices in competitive markets; The Act forbids cartels, not allows them.
Key Concepts
Sherman Antitrust Act Enforcement
Monopolies and Competition
Regulatory Measures in Economics
Topic
Sherman Antitrust Act Enforcement
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Which of the following actions would most likely violate the Sherman Antitrust Act?
hardHistory
Practice
2
Question 2Which of the following statements accurately reflect the principles and goals of the Sherman Antitrust Act? Select all that apply.
easyHistory
Practice
3
Question 3Which scenario best illustrates the enforcement of the Sherman Antitrust Act?
mediumHistory
Practice
4
Question 4Which of the following scenarios best exemplifies a violation of the Sherman Antitrust Act?
mediumHistory
Practice
5
Question 5Which of the following scenarios best exemplifies the application of the Sherman Antitrust Act in its historical context?
mediumHistory
Practice
6
Question 6Which of the following statements accurately reflect the implications and historical context of the Sherman Antitrust Act? (Select all that apply)
mediumHistory
Practice
7
Question 7What is the correct sequence of events in the application of the Sherman Antitrust Act starting from the identification of a monopoly to its regulation?
mediumHistory
Practice
8
Question 8Which of the following cases best exemplifies the application of the Sherman Antitrust Act in the context of regulating monopolies, and why?
mediumHistory
Practice
9
Question 9Which of the following actions exemplify the application of the Sherman Antitrust Act in regulating monopolies? Select all that apply.
hardHistory
Practice
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