What punishment would a violator of the Sherman Antitrust Act face? A) a fine not exceeding $10,000,000 B) imprisonment not exce

Question

4 years ago

5

What punishment would a violator of the Sherman Antitrust Act face? A) a fine not exceeding $10,000,000 B) imprisonment not exce

eding three years and a fine not exceeding $10,000,000 C) imprisonment not exceeding three years D) a fine not exceeding $350,000

History

2 answers:

Alexeev081 [22] · Answer 1 · 2022-01-19T05:50:17+03:00

Alexeev081 [22]4 years ago

5 0

I think it is imprisonment not exceeding three years and a fine not exceeding 10,000,000. That would be option B. I see MANY conflicting answers on the government websites, so that is the answer I have come to.

I hope this helps! :)

kari74 [83] · Answer 2 · 2022-01-19T08:12:06+03:00

Answer:

The correct answer is B. A violator of the Sherman Antitrust Act would face a punishment consisting of imprisonment not exceeding three years and a fine not exceeding $10,000,000.

Explanation:

The Sherman Antitrust Act is a law enacted in 1890 that empowers federal authorities to intervene in anti-trust business to prevent the formation of monopolies. It forms the basis of US antitrust law.

The Sherman Antitrust Act prohibits all business arrangements that restrict interstate trade or US foreign trade. These are considered to include various formal and informal cartels, such as prices agreed between undertakings or production thresholds. It also prohibits attempts to monopolize a business in the United States to an individual operator. The law empowers the federal court to order the dissolution of companies found to be in violation of these regulations. The offenders may be fined or imprisoned. Injured parties are entitled to claim triple compensation for their losses.