Praxis II: Economics Content Knowledge Exam Prep

Answer - B - The Federal Trade Commission helps the Department of Justice to enforce antitrust laws.

Key Takeaway: Over the past 150 years, the government has enacted a series of antitrust laws in order to limit monopoly power. The first passed was the Sherman Antitrust Act, followed by the Clayton Act in 1913, which outlawed tying contracts and price discrimination with the intent to reduce competition. The Federal Trade Commission was also founded in 1913 to help enforce the antitrust laws.