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The following is an excerpt from the Sherman Act of 1890: "Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce . . . shall be deemed guilty of a misdemeanor, and, on conviction thereof, shall be punished by fine . . . or by imprisonment . . . or by both said punishments, in the discretion of the court."
The Sherman Act of 1890 is an example of which of the following?
a) Antitrust lawsb) Price regulations

Respuesta :

OlanmaE

Answer:

A. Antitrust Laws

Explanation:

Antitrust laws also known as Competition laws are rules and regulations set forth by the government of the United States to prevent the monopolization of a market as well to promote fair competition by all stakeholders in a market. The Sherman Antitrust Act of 1890 falls into this category.

The Act seeks to prohibit the monopolization of a particular trade or other acts that seek to limit trade. If found guilty by a competent court, a fine up to the tune of $10,000,000 can be imposed on organizations, $350,000 for individuals or even a 3 years time in jail.

The Federal Commissions Act, and The Clayton Act are other examples of Antitrust laws.

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