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Question & Answer
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It was designed to promote competition by preventing monopolies.
It allows businesses to form trusts to control market prices.
It signifies a shift towards government intervention in the economy.
It only applies to businesses within the United States.
Its enforcement has led to the breakup of several large corporations.
Understanding the Answer
Let's break down why this is correct
The act was created to keep markets open by stopping single companies from dominating. Other options are incorrect because A common mistake is to think the law lets companies form trusts that fix prices; Some people think it only covers U.S.
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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