The Clayton Act Prohibited

question 273

Multiple Choice

The Clayton Act prohibited

• A)all vertical mergers.
• B)all horizontal mergers.
• C)any merger if its effect was to substantially lessen competition or create a monopoly.
• D)all conglomerate mergers.

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Definitions:

Specialize And Trade

The economic practice where individuals or entities focus on the production of a limited range of goods or services to gain efficiency and then trade with others to meet their needs.

Import

The act of bringing goods or services into a country from abroad for sale.

Radios

Devices for receiving and sometimes transmitting sound waves over distances using electromagnetic waves.

Specialize And Trade

A concept in economics where individuals or nations focus on the production of a limited range of goods at which they are most efficient, and then trade with others to meet their diverse needs and wants.