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Chapter 25: Problem 3

A key passage of the __________ Act stated that "every contract, combination in the form of trust or otherwise, in restraint of commerce among the several states, or with foreign nations, is hereby declared illegal." (LO2) a) Clayton c) U.S. Communications b) \(\mathrm{FTC}\) d) Sherman

Short Answer

Expert verified
The correct answer is d) Sherman Act.

Step by step solution

01

Read and understand the passage

First, carefully read and understand the passage, which states that any contract or combination in restraint of commerce among states or with foreign nations is illegal.
02

Analyze the given options

Analyze the options provided: a) Clayton b) FTC (Federal Trade Commission) c) U.S. Communications d) Sherman
03

Match the passage to the correct Act

Based on knowledge of acts and regulations, the passage is a part of an antitrust law. The options that are related to antitrust laws are: a) Clayton Act d) Sherman Act
04

Identify the correct Act

The passage quoted directly matches the wording of the Sherman Antitrust Act. Therefore, the correct answer is: d) Sherman Act

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Most popular questions from this chapter

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