Which of the following specifically prohibits monopolies?

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BlackTom AI · Accepted Answer

The question asks which option specifically prohibits monopolies.
Option 1: Sherman Antitrust Act. This is the foundational U.S. antitrust law enacted in 1890 that prohibits restraints of trade and monopolistic practices, making it the direct answer to prohibiting monopolies. It targets anti-competitive behaviors that aim to create or maintain monopoly power.
Option 2: Federal Trade Act. While the Federal Trade Commission Act (often referred to in shorthand as the Federal Trade Act) established the FTC and addresses unfair methods of competition, it is broader than just monopolies and does not specifically outlaw monopolies in the way the Sherman Act does. It complements antitrust enforcement but is not the statute most tightly associated with prohibiting monopolies.
Option 3: Robinson-Patman Act. This 1936 law focuses on price discrimination among different buyers of the same product; it addresses unfair pricing practices rather than prohibiting monopolies per se. It does not directly target monopoly formation or maintenance.
Option 4: Financial Reform Law. This is a generic label that could refer to various financial regulation reforms (e.g., Dodd-Frank Act in the U.S.). It does not specifically prohibit monopolies and is not the landmark statute for antitrust enforcement.
In summary, the Sherman Antitrust Act is the primary statute explicitly aimed at prohibiting monopolistic practices and restraints of trade, making it the correct choice among the options.

MARKETNG 211-02 FA 25 Exam #1 (Chapters 1-2, 4-7) - Requires Respondus LockDown Browser

Which of the following specifically prohibits monopolies?

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