You need to answer this question question because we don’t do homework and your teacher is looking for your critical thinking skills and how well you understood the lesson.
It was not an association but an act, it was the Clayton antitrust act that made monopolies illegal, the boardgame too, just kidding on the board game part.
Clayton antitrust act
John D. Rockefeller was a prominent industrialist and co-founder of the Standard Oil Company, which became a powerful monopoly in the oil industry during the late 19th and early 20th centuries. His business practices, including aggressive pricing strategies and horizontal integration, led to widespread public concern over monopolies and their impact on competition. This prompted the federal government to take action, most notably resulting in the Sherman Antitrust Act of 1890, which aimed to curb the power of monopolies and promote fair competition. Rockefeller's legacy thus significantly influenced federal policies concerning regulation and antitrust laws.
The Sherman Antitrust Act sought to break up monopolies. This act is enforced when any one type of business is trying to hold the power over their entire industry.
Sherman Antitrust Act was the first major federal legislation passed to encourage competition in the United States.
D. M. Raybould has written: 'Comparative law of monopolies' -- subject(s): Antitrust law, Monopolies, Restraint of trade 'Law of monopolies' -- subject(s): Antitrust law, Competition, Monopolies
Federal law outlawing monopolies in order to preserve competition
Antitrust ~ adj. Opposing or intended to regulate business monopolies, such as trusts or cartels, especially in the interest of promoting competition: antitrustlegislation, antitrust laws
The government can break up monopolies and block potential mergers which may reduce competition.
George Cyriax has written: 'Monopoly and competition' -- subject(s): Antitrust law, Competition, Economic policy, Monopolies, Restraint of trade 'Monopoly and competition' -- subject(s): Restraint of trade, Antitrust law
Nope!!! The correct answer is........ FALSE!! QK (btw this is a ninja if u were wondering!!)
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
The Sherman Antitrust Act was passed by Congress in 1890 to prohibit monopolies and trusts, and to promote fair competition in business.
It is difficult to determine the exact number of monopolies in the current market as it can vary by industry and region. However, monopolies are generally rare due to antitrust laws that aim to promote competition and prevent monopolistic practices.
It made certain practices illegal when their effect was to lessen competition to create a monopoly.
1887: The Interstate Commerce Act which attacked monopolies and competition. 1890: Sherman Antitrust Act which attacked contracts made between businesses.
One of the key legislations that strengthened federal laws against monopolies was the Sherman Antitrust Act of 1890. This act aimed to prevent the formation of monopolies or cartels that could restrain trade and limit competition. It prohibited any agreements or actions that would result in the restraint of trade or the monopolization of an industry.