Which U.S.Act prohibits mergers and acquisitions when the effect may be substantially to lessen competition or to tend to create a monopoly?
A) The Clayton Act
B) The Hart-Scott-Rodino Act
C) The Smoot-Hawley Act
D) The Kyoto Protocol

Question

Quizplus · Accepted Answer

The Clayton Antitrust Act was passed in 1914 and is aimed at preventing anticompetitive mergers and acquisitions. Section 7 of the Clayton Act prohibits mergers and acquisitions that have the potential to lessen competition substantially or create a monopoly. The Act also gives the Federal Trade Commission (FTC) and the Department of Justice (DOJ) the power to investigate and challenge such mergers or acquisitions.

Which USAct Prohibits Mergers and Acquisitions When the Effect May Be