Excerpt from the Sherman Antitrust Act
Sec. 1. Every contract, combination in the form of trust or other- wise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal. Every person who shall make any such contract or engage in any such combination or conspiracy, shall be deemed guilty of a misdemeanor, and, on conviction thereof, shall be punished by fine not exceeding five thousand dollars, or by imprisonment not exceeding one year, or by both said punishments, at the discretion of the court.
Sec. 2. Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a misdemeanor, and, on conviction thereof; shall be punished by fine not exceeding five thousand dollars, or by imprisonment not exceeding one year, or by both said punishments, in the discretion of the court.
Use the excerpt to answer the question.
The Sherman Antitrust Act’s reference to “combination[s] in the form of trust or otherwise” implies that
A.
to be a monopoly, a company had to control an industry in the form of a trust.
B.
public policy should consider the possibility of monopolies assuming a variety of forms.
C.
trusts were most harmful to the public good when they went by other names and forms.
D.
only individuals could be held responsible for the combination of trusts that created monopolies.
1 answer
1 answer