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Question & Answer
Choose the Best Answer
The Act would likely apply because their cooperation might restrict competition.
The Act would not apply as it only concerns large corporations, not small startups.
The Act would only apply if they were successful in driving larger companies out of business.
The Act promotes cooperation among businesses, so they would be exempt.
Understanding the Answer
Let's break down why this is correct
The Sherman Act stops agreements that could limit competition, no matter how small the firms. Other options are incorrect because The Act does not ignore small businesses; Success in beating larger companies is irrelevant.
Key Concepts
Sherman Antitrust Act History
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Deep Dive: Sherman Antitrust Act History
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Definition
The Sherman Antitrust Act, enacted in 1890 under President Benjamin Harrison, was initially used against labor unions instead of big businesses. It aimed to prevent combinations that interfered with interstate trade. The Act's enforcement history reveals shifts in political and economic priorities over time.
Topic Definition
The Sherman Antitrust Act, enacted in 1890 under President Benjamin Harrison, was initially used against labor unions instead of big businesses. It aimed to prevent combinations that interfered with interstate trade. The Act's enforcement history reveals shifts in political and economic priorities over time.
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