Which of the Following Statements About the Sherman Antitrust Act

question 8

Multiple Choice

Which of the following statements about the Sherman Antitrust Act is false?

• A)Section 2 of the act makes attempts to monopolize illegal.
• B)It established the Antitrust Division of the U.S.Justice Department.
• C)Section 1 of the act makes price fixing illegal.
• D)It is a law that aims at reducing anticompetitive behavior.
• E)It is a law passed in the United States in 1890.

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Definitions:

Discharged

Released from a contractual obligation or debt; in legal terms, often refers to being released from bankruptcy restrictions or obligations.

Secured Debt

Debt backed by collateral to reduce the risk of lending, such as a mortgage.

Secured Creditor

A lender, seller, or any other person in whose favor there is a security interest.

Insurance Company

An organization that offers risk management in the form of insurance contracts, pledging to compensate for specific potential future losses in exchange for periodic payments.