Which of the following statements best describes the Sherman Act? A. The Sherman Act established the United States Securities and Exchange Commission. B. The Sherman Act allows the US government to regulate activities that restrain competition and trade. C. The Sherman Act allows the US government to regulate the trade of corporation shares on stock exchanges. D. The Sherman Act established stronger reporting requirements for boards of public corporations and the managers and accountants who

Question

Business

Peyton Boyd

22 August, 11:55

Which of the following statements best describes the Sherman Act? A. The Sherman Act established the United States Securities and Exchange Commission. B. The Sherman Act allows the US government to regulate activities that restrain competition and trade. C. The Sherman Act allows the US government to regulate the trade of corporation shares on stock exchanges. D. The Sherman Act established stronger reporting requirements for boards of public corporations and the managers and accountants who

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Gardner · Answer 1

B. The Sherman Act allows the US government to regulate activities that restrain competition and trade

Explanation:

The Sherman Antitrust Act of 1890 was first legislation enacted by US congress. It was brought into force to regulate competition and trade among enterprises. This act prohibits agreement in restraint of trade or interference of power in trade like price fixing, bid rigging, etc.

The Sherman Act did not work for long as it restrict the business merger and people are confused about knowing the motive of the act as it is not designed properly.