Learning Path
Question & Answer
Choose the Best Answer
A company merging with a direct competitor to increase market share
A company lowering prices to attract more customers in a competitive market
A business collaborating with local suppliers to improve supply chain efficiency
A startup launching a new product in an emerging market segment
Understanding the Answer
Let's break down why this is correct
When two rival companies merge, they may control a large portion of the market. Other options are incorrect because Lowering prices to win customers is called healthy competition, not a monopoly; Working with suppliers to get better materials is a normal business practice.
Key Concepts
Sherman Antitrust Act
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Deep Dive: Sherman Antitrust Act
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Definition
The Sherman Antitrust Act was a landmark legislation in the late 19th century aimed at curbing the growth of monopolies and trusts that were stifling competition in the marketplace. It signaled a shift towards government intervention to promote fair competition and prevent the abuse of economic power by large corporations.
Topic Definition
The Sherman Antitrust Act was a landmark legislation in the late 19th century aimed at curbing the growth of monopolies and trusts that were stifling competition in the marketplace. It signaled a shift towards government intervention to promote fair competition and prevent the abuse of economic power by large corporations.
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