What Did the Term "Democrat" Imply for Most Leaders of the American

question 61

Multiple Choice

What did the term "democrat" imply for most leaders of the American Revolution?

• A) mob rule and or rule by an uneducated multitude.
• B) virtuous leaders elected for their superior talents and commitment to the public good
• C) universal suffrage
• D) a large, powerful, and intrusive federal government
• E) a weak defense policy and frequent military defeat.

Understand the historical development and purpose of antitrust laws, particularly the Sherman Antitrust Act.

Define and differentiate between key economic concepts such as trusts, monopolies, oligopolies, and cartels.

Recognize the strategies used by firms to establish and maintain market dominance, including merges, product differentiation, and price leadership.

Comprehend the concept of tacit collusion and its effects on market competition and pricing.