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In 1890, the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition?
Wiki User
∙ 14y ago
Yes efficiency function. The Sherman Act meant that agreements "in restraint of trade" were illegal.
Wiki User
∙ 7y ago
Wiki User
∙ 14y agoEfficiency
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What did the antitrust act do in 1889?
It is The Sherman Antitrust Act:The Act provides: "Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal". The Act also provides: "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 felony." The Act put responsibility upon government attorneys and district courts to pursue and investigate trusts, companies and organizations suspected of violating the Act.
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In 1890 the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition.?
Efficiency
1890 the Sherman Antitrust Act was passed which made it illegal for business firms to combine to prevent competition.?
Efficiency
What type of economic function fits the description in 1890 the sherman antitrust act was passed which made it illegal for business firms to combine to prevent competition?
efficiently for a plus... check out astral underworks on youtube....
Was the purpose of the Sherman Antitrust Act?
Describe the events of the 1902 coal strike
What did the Sherman Antitrust Act make illegal in 1890?
The Sherman Anti-Trust Act, passed in 1890, made it illegal for businesses to combine t create monopolies. Monopolies prevented competition and drove prices up for consumers.
What illegal economic function causes business firms to combine to prevent competition?
A cartel or monopoly causes business firms to combine to prevent competition.
The law which made it a crime for companies to combine together into a monopoly to prevent competition was called the?
the sherman trust act
What is the device by which several corporations combine to eliminate competition and regulate prices?
A trust.
When businesses combine to create a trust their goal is to?
reduce competition and regulate prices.
What does utile dulce mean?
to combine business with pleasure
Who designed the Great Compromise and was called The Great Compromiser?
The Great Compromise or Connecticut Compromise was proposed by Connecticut delegate Roger Sherman to combine both the Virginia Plan and New Jersey Plan.
What set of processes the combine to yield a profit?
Business Model
