Question

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

Answer 1

Answer: C - Restricted the ability of competitors to engage in cooperative agreements.

Explanation:

The Sherman Antitrust Act was signed in 1890 by President Benjamin Harrison. This was named after a senator, John Sherman, who authored the bill himself.

This act prohibits businesses from;

• Anticompetitive agreements
• "Unilateral conduct that monopolizes or attempts to monopolize the relevant market"
• Innocent monopoly

If any business is caught breaking the Sherman Antitrust law the Department of Justice can file suit against the parties involved. The act is made to protect a competitive marketplace for consumers.