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:

Statement Of Owner's Equity

A financial document detailing changes in the equity of a company due to earnings, withdrawals, and other factors over a period.

Balance Sheet

A report detailing a corporation's assets, liabilities, and equity of shareholders at a certain moment.

Statement Of Owner's Equity

A financial statement that shows the changes in the equity of a company over a specific period, including contributions, withdrawals, and the company’s net income or loss.

Net Income

The amount of profit left after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenues.