56. Market power in the United States was often gained in the latter part of the

Question

56. Market power in the United States was often gained in the latter part of the nineteenth century by:
A) forming trusts.
B) the growth of competition.
C) international arrangements with Russian and Japanese firms.
D) opening up more industries to international trade.

57. Attempts by the federal government to prevent the exercise of monopoly power in the United States is called _______ policy.
A) stabilization
B) antitrust
C) fiscal
D) government


58. The first law designed to curb monopoly power in the United States was the ________ Act.
A) Sherman Antitrust
B) Clayton
C) Federal Trade Commission
D) Robinson-Patman

59. A successful application of the Sherman Antitrust Act was in _______ against _______.
A) 1880; the Ford Motor Company
B) 1889; the American Tobacco Company
C) 1911; Standard Oil
D) B and C are true.

Explanation / Answer

In the late 1800s, the United States was plagued by many monopolies, making A, forming trusts, the answer to 56. The government fought this development in question 57 with its B, antitrust policy. The first act addressing trusts was A, the Sherman Antitrust Act in 58. And in 59, the Act was successfully used in 1889 against the American Tobacco Company, B.

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