D Question 1 5 pts The reason given for the Sherman Antitrus

D Question 1 5 pts The reason given for the Sherman Antitrust Act was huge Monopolies were using their power to squash competition. O True O False Question 2 5 pts It may be a felony to violate the Sherman Antitrust Act O True O False

Solution

1. Basically Sherman Antitrust Act was inacted in 1890 to deal with multistate corporation. It also attempted to prevent corporate monopolies. It included contracts to restrain free trade and protect consumers from unfair trade practices.

Sherman Antitrust Act was introduced to regulate monopolies.

False.

2. Under Sherman Antitrust Act the violators were exposed to the risk of stiff penalties and the felony charges were imposed. Under this a fine of $ 3,50,000 on individuals was imposed and $ 1 million on corporations and sometimes imprisonment of 3 years or more.

True.