Section 1 of the Sherman Antitrust Act Makes It Illegal

question 239

Multiple Choice

Section 1 of the Sherman Antitrust Act makes it illegal to

• A) form a monopolistically competitive firm.
• B) restrain trade.
• C) price discriminate.
• D) have an oligopoly.

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Definitions:

Liable

Liable means being legally responsible for something, typically involving financial compensation or another form of restitution.

Reliance

The act of relying or depending on something, often related to a belief or action based on certain expectations or promises.

Damages

Damages are a monetary sum awarded to a party in a lawsuit as compensation for injury or loss suffered due to the action or inaction of another.

Battery

A tortious act involving unlawful and nonconsensual contact with another person, resulting in harm or offense.