What act of Congress declared restraint of trade illegal and declared any attempt at monopolizing unlawful?

a. Celler-Kefauver Act.
b. Sherman Antitrust Act.
c. Clayton Act.
d. Robinson-Patman Act.

b

Economics

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If two nations both peg to a center nation, and one devalues its exchange rate against the other partner (cooperatively) and to the center as a result of a demand shock, what is the effect?

A) The center nation will require that the two line up their rates. B) The devaluing nation will see an increase in demand while the other partner sees a decrease (thus sharing the impact of the demand shock). C) The devaluing nation will see a larger increase in demand while its partner will suffer more (thus favoring the devaluing nation). D) Both nations will suffer more because the center nation will match the devaluation, thus negating the effect.

Economics

Hector voluntarily left his job to search for a job in accounting, the field in which he has his bachelor's degree. Hector is considered

A) frictionally unemployed. B) not to be unemployed. C) structurally unemployed. D) cyclically unemployed.

Economics