Learning Path
Question & Answer
Choose the Best Answer
monopolies
partnerships
cooperatives
conglomerates
Understanding the Answer
Let's break down why this is correct
The Act was made to stop one company from controlling most of a market, because that company can set higher prices or block new sellers. Other options are incorrect because Some people think two or more business owners working together automatically stop competition, but they simply share profits and customers; A cooperative is a group of producers that sell together, but they usually compete with other sellers outside the group.
Key Concepts
Sherman Antitrust Act
easy level question
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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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