Which of the following statements is true about the Sherman Antitrust Act?
A) It does not penalize contracts in restraint of trade or commerce.
B) Section 2 of the Act prohibits monopolizing or the attempt to monopolize.
C) The provisions of this act are enforced by the Federal Trade Commission.
D) It declared interlocking directorates unlawful.

Question

Quizplus · Accepted Answer

Antitrust law began to develop in 1890 with the passage of the Sherman Antitrust Act. Section 1 of the Act prohibits contracts, combinations, or conspiracies in restraint of trade or commerce and focuses on agreements made to restrain trade. Section 2 of the Act prohibits monopolizing or the attempt to monopolize.

Which of the Following Statements Is True About the Sherman