For the first 70 years after the Sherman Act was enacted,most scholars and judges took the view that large concentrations of economic power were suspect even if they had no obvious impact on competition itself.

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This statement is true. For the first 70 years after the Sherman Act was enacted, most scholars and judges believed that large concentrations of economic power were potentially harmful to competition, regardless of whether there was any evidence of actual anticompetitive behavior. This approach is often referred to as the "structuralist" view of antitrust law.

For the First 70 Years After the Sherman Act Was