The major problem with the Sherman Antitrust Act of 1890 was that
(a) it was struck down by the Supreme Court.
(b) the government lacked the tools to enforce it.
(c) its language was too vague to be applied the ways desired by Congress.
(d) businesses found ways to use the Act clearly in their favor.
(c)
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The use of money is more efficient than barter because the introduction of money
A) reduces the need for economic specialization. B) reduces the need to exchange goods. C) reduces the need for other stores of value. D) reduces transaction costs.
If a firm wants to buy a piece of capital equipment, is this firm a demander or supplier in the financial market?
What will be an ideal response?
Penetration pricing is a way to:
A. raise a rival's marginal cost. B. gain a critical mass of customers. C. increase a rival's fixed costs. D. lower a rival's input costs.
When the Fed buys a security from a financial firm and the financial firm agrees to buy back the security the next day, the transaction is known as
A) a repurchase agreement. B) a reverse repurchase agreement. C) an open market flip-flop. D) a federal funds swap.