A Major Shortcoming of the Sherman Act Was That

question 49

Multiple Choice

A major shortcoming of the Sherman Act was that

• A) it was too specific.
• B) it was never enforced by the courts.
• C) violators of the act were forced out of business.
• D) it did not explicitly state which activities were illegal.

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Definitions:

Business Assets

Economic resources or items of value owned by a company that are expected to provide future benefits or profits.

Bulldozer

A heavy, tractor-like vehicle with a large, metal plate used to push large quantities of soil, sand, rubble, or other such material during construction or conversion work.

Capital Loss Deduction

A tax deduction for losses incurred on the sale of an asset held for investment, allowing for the offset of capital gains or regular income up to certain limits.

Business Property

Assets and property owned by a business used in the operation and function of the business, including real estate, equipment, and intellectual property.