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

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Seekh · Accepted 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.

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

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