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Chapter 25: Problem 8

The high-water mark of antitrust enforcement was marked by the __________case. (LO3) a) Alcoa c) DuPont b) \(U . S .\) Steel d) Microsoft

Short Answer

Expert verified
a) Alcoa

Step by step solution

01

Read the question carefully and understand the options provided

The question is asking you to identify the highest peak of antitrust enforcement marked by a particular case. The options provided are: a) Alcoa c) DuPont b) \(U . S .\) Steel d) Microsoft
02

Recollect information about each option and their significance in antitrust enforcement

Now, think about each option and what they mean in relation to antitrust enforcement: a) Alcoa - The Aluminum Company of America (Alcoa) case in 1945 revolved around a monopoly in the aluminum industry. c) DuPont - The DuPont case in 1957 was a significant case involving market dominance in the chemical industry. b) \(U . S .\) Steel - The United States Steel Corporation case in 1920 was about the formation of monopolies and trusts in the steel industry. d) Microsoft - The Microsoft case in 2001 was about the company's dominance in the operating system market and whether it violated antitrust laws.
03

Identify the high-water mark of antitrust enforcement

By comparing the significance of each case in the history of antitrust enforcement, we can conclude that the Alcoa case in 1945 is widely considered the high-water mark due to its impact on the aluminum industry and influence on future antitrust laws and enforcement. So, the correct answer is: a) Alcoa

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Most popular questions from this chapter

Which would be the most accurate statement? (LO6) a) The honesty of our corporate leaders is beyond question. b) Most corporate leaders are dishonest. c) Even if a corporation "cooks" its books, the CPA firm it hires to audit its books will quickly find out and blow the whistle. d) Enron was not the only American corporation in recent years to be guilty of corporate misconduct.

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