What was the first important law regulating monopoly that prohibited "restraint of trade"?
A) Sherman Act
B) Robinson-Patman Act
C) Cellar-Kefauver Act
D) Clayton Act

Question

Quizplus · Accepted Answer

The Sherman Antitrust Act of 1890 was the first important law regulating monopoly that prohibited "restraint of trade." This act prohibits contracts, combinations, and conspiracies that unreasonably restrain trade and monopolies, also known as anticompetitive conduct. The act was introduced by Senator John Sherman and has since been amended by several subsequent federal laws, including the Clayton Act, the Robinson-Patman Act, and the Cellar-Kefauver Act.

What Was the First Important Law Regulating Monopoly That Prohibited