What are anti-trust regulations? Briefly discuss the key provisions of the Sherman Act of 1890.

Expert Solution

Answer : Anti trust regulation is known as competition law. It is anti- competitive conduct and unfair business practices. The main focus is to protect consumer against unfair trade practices made by the business in the market. The unfair practices include raise prices, reduced output and abolished innovation as well as growth of the country. It was created in 19 th century to check the activities of the business related to the consumer. The main focus is on consumer welfare.

Key provision of the sherman act 1890 :

It was the first legislation act formed by united state congress

Every contract should contain two or more person otherwise it is treated as illegal . It means that proper contract has been formed and they discouage single producer trade formation.
Provide competition in free market place
Break up monopolies
Application of Anti trust law
Deal with details of the Monopoly structure
Creating and running monopoly is guilty conscious behavior
Main focus is on consumer welfare

Rahul Sunny answered 2 years ago

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