📚 Learning Guide
Sherman Antitrust Act Enforcement
easy

True or False: The Sherman Antitrust Act was primarily designed to protect individual consumers from high prices rather than to promote competition among businesses.

Master this concept with our detailed explanation and step-by-step learning approach

Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

True

B

False

Understanding the Answer

Let's break down why this is correct

Answer

False. The Sherman Antitrust Act was created to stop anti‑competitive practices and keep markets open, so that businesses compete fairly. By preventing monopolies and restraints of trade, the law indirectly helps consumers, but its main purpose is to foster competition among firms, not to set price limits. For example, when a company tries to buy out all competitors, the Act stops it, allowing other firms to stay in business and keep prices reasonable. Thus the Act’s goal is competition, not directly consumer price protection.

Detailed Explanation

The Act was written to stop a single firm from controlling a market. Other options are incorrect because Some think the Act’s main job is to cut prices for shoppers.

Key Concepts

Antitrust laws
Monopolies
Market competition
Topic

Sherman Antitrust Act Enforcement

Difficulty

easy level question

Cognitive Level

understand

Ready to Master More Topics?

Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.