The Sherman Antitrust Act of 1890

question 62

Multiple Choice

The Sherman Antitrust Act of 1890

• A)immediately reduced the number of trusts and the incidence of anticompetitive behavior
• B)established the Antitrust Division of the Department of Justice
• C)did not apply to farmers
• D)was not fully enforced at first
• E)prohibited price discrimination

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Definitions:

Facilitation Payments

These are small sums of money paid to expedite or secure the performance of routine governmental actions by officials, often viewed as a form of bribery in many jurisdictions.

Cultural Differences

Variations in the norms, values, beliefs, and practices among different groups, societies, or individuals, arising from ethnic, racial, socioeconomic, geographical, or other distinctions.

Ethical Issues

Concerns or dilemmas that involve principles of right and wrong behavior.

Iron Oxide

A chemical compound made up of iron and oxygen, known for its reddish color and common presence in rust and many types of soil and rocks.