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DSST Business Law II Exam Prep

Category - DSST Business Law II

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What is the statute that prohibits certain business activities that reduce competition in the marketplace?
  1. Fair Trade Act
  2. Truman Antitrust Act
  3. Sherman Antitrust Act
  4. Tariffs and Trade Act
  5. Sherman Fair Trade Act
Explanation
Answer: C. The statute that prohibits certain business activities that reduce competition in the marketplace is the Sherman Antitrust Act. The Sherman Antitrust Act prohibits direct or indirect interference with interstate trade. It was enacted in 1890 and amended by the Clayton Antitrust Act in 1914.
Category: Legal Environment
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