In the Alcoa Case of 1945, the Courts Held That

question 44

Multiple Choice

In the Alcoa case of 1945, the courts held that

• A) the mere possession of monopoly power is a violation of the antitrust laws.
• B) only contracts and combinations that unreasonably restrain trade are in violation of the Sherman Act.
• C) retail and wholesale firms are exempt from antitrust legislation.
• D) firms that sell more than one-half of their output overseas are exempt from antitrust.

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Definitions:

Financial Need

The gap between the cost of attending a school and the family's ability to pay, often considered in financial aid decisions.

Merit Scholarships

Financial awards for students based on their academic achievements, talents, or other abilities, rather than financial need.

Financial Need

The difference between the cost of attending a school and the family's ability to pay, often considered for determining financial aid eligibility.

Scholarship

Financial support awarded to a student based on academic achievement or other criteria to help pay for education expenses.