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Which Antitrust Law Prohibited Firms from Buying Stock in Competitors

question 213

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Which antitrust law prohibited firms from buying stock in competitors and from having directors serve on the boards of competing firms?


Definitions:

Executive Agencies

Agencies of the government responsible for the enforcement and administration of federal laws, usually under the direct control of the President or executive branch.

Executive Branch

A branch of government responsible for executing or enforcing laws, often headed by a president or prime minister.

Cabinet Departments

Major administrative units in the executive branch of the U.S. federal government, each headed by a Secretary, that advise the President and execute government policy.

Final Rules

The definitive set of regulations issued by an authority after considering public feedback on the proposed rules.

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