The First Important Law Regulating Monopolies in the United States

question 101

Multiple Choice

The first important law regulating monopolies in the United States was

• A)the Grant Act, which was passed in 1890.
• B)the Clayton Act, which was passed in 1890.
• C)the Sherman Act, which was passed in 1890.
• D)the Federal Trade Commission Act, which was passed in 1914.

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Definitions:

Assumption of Risk

A legal principle where an individual knowingly and voluntarily takes on the risks associated with an activity.

Disclaimers

Statements that deny responsibility or limit liability for certain information, opinions, or potential risks.

Unfair Hiring Practices

Discriminatory or biased procedures in the recruitment process that unjustly favor one candidate over another.

Surveillance Cameras

Electronic devices used for monitoring activities in various environments to enhance security, gather evidence, or observe behavior.