Which Antitrust Act Provided That Injured Parties Could File Suit

question 41

Multiple Choice

Which antitrust act provided that injured parties could file suit and, if successful, collect triple damages from monopolistic violators?

• A) Wheeler-Lea Act
• B) Clayton Act
• C) Sherman Act
• D) Celler-Kefauver Act

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Definitions:

Corporate Outsiders

Individuals or entities that are not directly involved in the internal management or operations of a corporation, such as investors or the general public.

Insider Trading

The illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information.

Securities Exchange Act

A federal law governing the trading of securities in the United States, aimed at protecting investors through regulation of the securities industry.

Securities Act

A law aimed at regulating the securities industry and requiring disclosure of important information regarding offerings of securities to the public.