Presentation on theme: "Chapter 7, section 3 questions"— Presentation transcript:
1 Chapter 7, section 3 questions What was the antitrust legislation of the late 1800s trying to restrict?monopolies, combinations, and trusts
2 2. What was the purpose of the Sherman Antitrust Act? restraints and monopolies that hindered competition
3 3. What was the purpose of the Clayton Antitrust Act of 1914? to give government greater power against monopolies, especially regarding price discrimination
4 4. Under what conditions are monopolies acceptable? in the case of a natural monopoly that can take advantage of lower production costs and is government regulated
5 5. What is one example of how local or state government allows and regulates a monopoly? A public commission or other government agency usually approves prices.
6 6. What is the purpose of public disclosure? to reveal information to the public
7 7. What is the advantage to the public of truth-in-advertising laws? Companies cannot make false claims about their products.
8 8. What kind of information regarding business and government is available on the Internet? extensive information about business activities, product reviews, and virtually every government document and report
9 9. What actions led to a modification of free enterprise? the passage of laws to prevent monopolies and protect the rights of workers; food and drug laws; strict government regulations of some industries
10 10.What characteristics make the United States economy a “mixed free enterprise” system? the mixture of different market structures, different kinds of business organizations, and varying degrees of government regulation