Paralegal Exam Prep

Category - Legal Envrmt

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What is the statute that prohibits certain business activities that reduce competition in the marketplace?

Fair Trade Act
Truman Antitrust Act
Sherman Antitrust Act
Tariffs and Trade Act
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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