Terminology
In the space provided at right, write the word or phrase that is defined or indicated.
Definitions:
Sherman Act
A landmark federal statute in the antitrust law of the United States, passed in 1890, which prohibits certain business activities that federal government regulators deem to be anti-competitive.
Alcoa Case
A 1945 case in which the courts ruled that the possession of monopoly power, no matter how reasonably that power had been used, was a violation of the antitrust laws; temporarily overturned the rule of reason applied in the U.S. Steel case.
Monopoly Structure
A market form where a single firm controls the entire market for a product or service, with no close substitutes.
Treble Damages
A legal principle allowing a court to triple the amount of the actual/compensatory damages to be awarded to a plaintiff.
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