The following is an excerpt from the Sherman Act of 1890: "Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce . . . shall be deemed guilty of a misdemeanor, and, on conviction thereof, shall be punished by fine . . . or by imprisonment . . . or by both said punishments, in the discretion of the court." The Sherman Act of 1890 is an example of which of the following?
a) Antitrust lawsb) Price regulations

A. Antitrust Laws

Explanation:

Antitrust laws also known as Competition laws are rules and regulations set forth by the government of the United States to prevent the monopolization of a market as well to promote fair competition by all stakeholders in a market. The Sherman Antitrust Act of 1890 falls into this category.

The Act seeks to prohibit the monopolization of a particular trade or other acts that seek to limit trade. If found guilty by a competent court, a fine up to the tune of $10,000,000 can be imposed on organizations, $350,000 for individuals or even a 3 years time in jail.

The Federal Commissions Act, and The Clayton Act are other examples of Antitrust laws.

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