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Market structure

economy

QuestionAnswer
Interstate Commerce Act 1887 created the Interstate Commerce Commission (ICC) to oversee railroad rates; currently regulates railroads, motor vechicles, and other freight carriers
Sherman Antitrust Act 1890 prohibits any argeements, contracts, or conspiracies that would restrain interstate trade or cause monopolies to form
Clayton Antitrust Act 1914 clarified and strengthened the Sherman Antitrust Act by prohibiting price discrimination, local price cutting, mergers that reduce competition, and exclusive sales contracts
Federal Trade Commission Act 1914 created the Federal Trade Commission (FTC) to investigate charges of unfair methods of competiton and commerce
Created by: honorm
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