Multiple Choice QuestionWhich act was passed to prevent businesses from restraining trade and monopolizing markets, and condemns "every contract, combination, or conspiracy in restraint of trade"?Multiple choice question.Sherman Antitrust ActClayton ActDodd-Frank ActSarbanes-Oxley Act
Question
Multiple Choice QuestionWhich act was passed to prevent businesses from restraining trade and monopolizing markets, and condemns "every contract, combination, or conspiracy in restraint of trade"?Multiple choice question.Sherman Antitrust ActClayton ActDodd-Frank ActSarbanes-Oxley Act
Solution
The correct answer is the Sherman Antitrust Act. This act was passed in 1890 to prevent businesses from restraining trade and monopolizing markets. It condemns "every contract, combination, or conspiracy in restraint of trade". The other acts listed have different purposes. The Clayton Act also deals with antitrust issues but is more specific in its provisions. The Dodd-Frank Act is related to financial regulation and the Sarbanes-Oxley Act deals with corporate governance and financial disclosure.
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