Question

The Sherman Antitrust Act A. was concerned with self-interest dominated Nash equilibriums in prisoners' dilemma games. B. restricted the ability of competitors to engage in cooperative agreements. C. was passed to encourage judicial leniency in the review of cooperative agreements. D. enhanced the ability to enforce cartel agreements.

Answer 1

Answer:

B. restricted the ability of competitors to engage in cooperative agreements

Explanation:

The Sherman Antitrust Act of 1890 is a US legislation that regulates the level of competition that exists among businesses. It was passed by the Congress when Benjamin Harrison was president. This act is aimed at protecting trade and commerce from illegal restraints and monopolies. It was enacted by the 51st Congress of the United States. This act was introduced by John Sherman in the senate house.

Answer 2

Answer: B. restricted the ability of competitors to engage in cooperative agreements

Explanation: The Sherman Antitrust Act of 1890 was an antitrust law that was passed to address oppressive business practices, regulate competition among enterprises, and prohibiting contract, trust, or conspiracy of any kind in hindrance of interstate or foreign trade. The act therefore, restricted the ability of competitors to engage in cooperative agreements. By outlawing trusts, the act helped to increase economic competitiveness while curbing concentrations of power that often interfere with trade thereby greatly reducing economic competition.