The Sherman Antitrust Act of 1890 Made Monopolizing an Offense

question 33

Multiple Choice

The Sherman Antitrust Act of 1890 made monopolizing an offense

• A)and led to the strengthening of trade unions in the federal courts.
• B)but was nullified by the Interstate Commerce Act.
• C)but provided no means for enforcement.
• D)and proved an effective means of curbing the abuses of big business.

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a specific price.

Coefficient

A predetermined or specific number that is positioned in front of and serves to multiply the variable in a mathematical expression.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied.

One-of-a-Kind

A unique item or entity, not identical to any other in its characteristics or qualities.