Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose 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
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