Question

Although u.s. steel controlled nearly 75 percent of the domestic iron and steel industry, in 1920 the supreme court ruled that the firm was not in violation of the sherman antitrust act because there was no evidence of abusive behavior. what antitrust doctrine was the court applying in this case?

Answer 1

In this case, the doctrine the court was applying is the rule of reason.According to this judicial doctrine of antitrust law, it is a violation to take any action that will put an unreasonable restraint on trade.