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United States · Economy & Business · Normal
What landmark antitrust law, passed in 1890, prohibits monopolistic business practices and remains the foundation of competition law?
Answer: Sherman Antitrust Act — The Sherman Antitrust Act of 1890 was the first federal law to outlaw monopolistic business practices, named after Senator John Sherman of Ohio.
- A Clayton Antitrust Act
- B Federal Trade Commission Act
- C Sherman Antitrust Act ✓
- D Robinson-Patman Act
The Sherman Antitrust Act of 1890 was the first federal law to outlaw monopolistic business practices, named after Senator John Sherman of Ohio.