In Terms of the Evolution of the Internet, Web 1

question 161

Multiple Choice

In terms of the evolution of the internet, Web 1.0:

• A)transformed traditional retailing by selling goods and services over the internet.
• B)offered consumers a way to communicate with each other through email.
• C)created online communities that connect buyers and sellers in new ways.
• D)provided businesses with an opportunity to save money.

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Definitions:

Sherman Act

A landmark federal statute in the field of United States antitrust law prohibiting monopolistic behaviors.

Clayton Act

A U.S. antitrust law, passed in 1914, aimed at preventing anticompetitive practices in their incipiency, including price discrimination, exclusive dealing agreements, and mergers and acquisitions that substantially lessen competition.

Per Se Violation

An action that by its very existence carries with it liability, as opposed to an action that violates a rule of reason.

Sherman Act

A landmark federal statute in antitrust law that prohibits monopolistic practices and promotes competition.