When Is a Monopoly Illegal Under the Sherman Act

question 20

Multiple Choice

When is a monopoly illegal under the Sherman Act?

• A) A monopoly is illegal when it has horizontal restraints.
• B) A monopoly is illegal when it is acquired or maintained through prohibited means.
• C) All monopolies are illegal under the Sherman Act.
• D) The Sherman Act does not address monopolies.

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Definitions:

Intangible Personal Property

Property that does not have a physical presence but holds value, such as patents, copyrights, trademarks, and financial assets.

Substance

A fundamental or essential component of a matter; often refers to the material from which something is made.

Gift Causa Mortis

A gift made in contemplation of imminent death where the giver transfers personal property to another, with the gift becoming permanent if the giver dies as contemplated.

Exclusive Possession

The right of an individual or entity to use and control property to the exclusion of others.