The Sherman Act of 1890:
A. made it illegal to engage in practices that resulted in restraint of trade.
B. outlawed tying contracts.
C. outlawed stock-purchase mergers that would substantially reduce competition.
D. prohibited selling products at "unreasonably low prices" with the intent of reducing competition.
Answer: A
You might also like to view...
Which of the following firms faces monopolistic competition?
a. A poultry farm selling eggs to different bakeries b. A fashion store selling clothes at an up-scale boutique c. A fruit-bowl shop at a local market d. A movie hall selling tickets in advance for an upcoming blockbuster
Henry has been thinking about purchasing a corporate bond but is afraid that the bond will lose value. He has decided to hold money instead. This is known as the
A. money balance demand for money. B. transactions demand for money. C. precautionary demand for money. D. asset demand for money.