0
They weren't. Microsoft is a monopoly, the federal reserve is a monopoly.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What made monopolies illegal?
Sherman Anti-Trust Act
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 made monopolies and trust illegal?
Anti-Trust Law and Competition Law. Specifically the Sherman Anti-Trust Act.
What effect did the Clayton Antitrust Act have on monopolies such as Standard Oil?
It made certain practices illegal when their effect was to lessen competition to create a monopoly.
What power do illegal monopolies use to drive out competition?
Illegal monopolies are those that can be shown to use their power to suppress competition. A monopolist has the power to dominate markets--the ability to set the price by altering supply.
What was the purpose of the Sherman Antitrust Act It made the sale of a corporation without Congress's approval illegal. Itattemped to create competition by making monopolies illegal. It attempted to?
You need to answer this question question because we don’t do homework and your teacher is looking for your critical thinking skills and how well you understood the lesson.
Why are monopolies known to be bad?
I think it is because people get jealous that others are more successful than them, so they convince an army of idiots to try to make monopolies illegal.
Why government grants patented monopolies?
There are no patients monopolies. There are patients that are for items made by people or companies.
What association of 1914 strengthened previous corporation control laws and made illegal certain methods big business used to eliminate competition?
It was not an association but an act, it was the Clayton antitrust act that made monopolies illegal, the boardgame too, just kidding on the board game part.
Which practice became an illegal business act according to the Sherman Antitrust Act?
forming monopolies by buying out competitors
When did marijuana become illegal if it was used in ancient times?
Henry anslinger, racism, corruption, monopolies, pharmaceutical lobbiests, basicaly crackers
Why are monopolies illegal?
They are not. Although some like for example con Edison are but, they are a "natural / limited monopoly" in other words they are extremely regulated by the government.
