The Sherman Antitrust Act of 1890:
A) limits cartel-like behavior in the United States.
B) serves to limit anticompetitive behavior by foreign firms that the U.S. trades with.
C) has illegalized all cartels in the United States.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act of 1890 is a federal law that prohibits monopolization, collusion, and other anti-competitive practices that hinder fair competition in the marketplace, particularly in the United States. It aimed to promote competition and prevent cartels through prohibiting businesses from engaging in cartel-like behavior such as price-fixing and market allocation. The law does not address the anticompetitive behavior of foreign firms that the US trades with, nor does it make all cartels illegal.