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Econ
Updated: 10/25/2020
Econ
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  • Approved in July 2.1890
  • Sherman Antitrust Act
  • The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices
  • The goal is to promote economic fairness and competitiveness and to regulate interstate commerce.
  • Antitrust laws (competition laws), are statutes developed by the U.S. government to protect consumers from predatory business practices.
  • overprice
  • Antitrust laws are important because it ensures that fair competition exists in an open-market economy
  • poor quality
  • By virtue of the Sherman Antitrust Act of 1890, the US government can take legal action to break up a monopoly.
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