In the US Steel Case of 1920, the Courts Held That

question 33

Multiple Choice

In the U.S. Steel case of 1920, the courts held that

• A) the structure of an industry is more important than its behavior in determining violations of the antitrust laws.
• B) any firm that faces substantial import competition is exempt from the antitrust laws.
• C) although U.S. Steel possessed monopoly power, it had not violated the Sherman Act because it had not unreasonably used that power.
• D) the fact that U.S. Steel possessed monopoly power was a violation of the Sherman Act.

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Definitions:

Obsessive-compulsive Disorder

A mental disorder characterized by unwanted and intrusive thoughts (obsessions) and repetitive behaviors or mental acts (compulsions) that an individual feels driven to perform.

Post-traumatic Stress Disorder

A disorder related to mental health, sparked by involvement in or witnessing of an event causing extreme fear, defined by involuntary recollection, terrifying nightmares, and deep anxiety.

Schizophrenia

A severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Positive Symptoms

Those symptoms of schizophrenia that indicate the presence of inappropriate behavior, such as hallucinations, delusions, agitation, and inappropriate giggling.