The Clayton Act is an antitrust law that was passed to

A) outlaw monopolization.
B) prohibit charging buyers different prices if the result would reduce competition.
C) address loopholes in the Sherman Act.
D) toughen restrictions on mergers by prohibiting mergers that reduce competition.

C

Economics

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Featherbedding ultimately results in greater worker efficiency and therefore greater productivity and higher wages

a. True b. False

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Over the long run, monopolies can earn

A) economic profit. B) normal profit only. C) accounting profit only. D) no economic profit.

Economics