Clayton Antitrust Act of 1914: Definition & Summary

Instructions:

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question 1 of 3

_____ laws are a collection of U.S. laws enacted to ensure fair competition in the marketplace.

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1. Which of these scenarios results in a monopoly?

2. How did the Clayton Antitrust Act close a loophole in the earlier Sherman Antitrust Act?

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About This Quiz & Worksheet

Completing this quiz will ensure that you have an accurate understanding of U.S. laws designed to enforce fair competition practices in the market. Pick the best answer for each question.

Quiz & Worksheet Goals

You will test what you know about the following:

  • U.S. legislation related to fair competition over the years
  • Purpose of these laws
  • What these laws are trying to prevent

Skills Practiced

Additionally, you can practice:

  • Interpreting information - verify that you can read information regarding laws ensuring fair competition and interpret it correctly
  • Information recall - access the knowledge you've gained regarding the term for large entities with no competition
  • Knowledge application - use your knowledge to answer questions about important pieces of the Clayton Antitrust Act of 1914

Additional Learning

The lesson entitled Clayton Antitrust Act of 1914: Definition & Summary will teach you more about this piece of U.S. legislature. Study and learn about:

  • How antitrust laws play a part in your life today
  • The first antitrust laws and the problems they had
  • Four major conditions Clayton made to the existing antitrust act
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