Question

A main purpose of the Sherman Antitrust Act and the Clayton Antitrust Act was to promote ______________________ Question 27 options: competition. free trade among nations. monopoly business closure

Answer 1

A main purpose of the Sherman and the Clayton Antitrust laws aimed at competition.

Step-by-step explanation:

Sherman’ antitrust law’ main objective was to limit monopolies in the market economy and promote fair competition in all business ventures. Many unfair trade practices crept in the US economy and hence the antitrust laws were enacted in order to restrain such unfair prize fixing which caused harm to the interest of the consumers.

Sherman act aimed at restricting monopolies and Clayton act promoted fair competition. These laws aimed at preserving healthy business competition in various ventures as the best practice.

Answer 2

Competition

Step-by-step explanation:

The Sherman Antitrust Act and the Clayton Antitrust Act were amendments, passed by the U.S. Congress in 1914, meant to promote competition in U.S. businesses and discourage the formation of monopolies. This acts prohibited price discrimination, price fixing, and exclusive sales contracts.