Asked by
Karmvir Singh
on Oct 27, 2024
Verified
The law enacted in 1890 to break up existing monopolies and prevent the formation of new ones was the Sherman Antitrust Act.
Sherman Antitrust Act
A foundational United States antitrust law aimed at maintaining market competition by preventing monopolies.
Monopolies
Market structures where a single seller dominates the market, facing no competition and controlling prices.
- Understand the historical development and purpose of antitrust laws, particularly the Sherman Antitrust Act.
Verified Answer
JB
Learning Objectives
- Understand the historical development and purpose of antitrust laws, particularly the Sherman Antitrust Act.
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