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Chapter 7, section 3 questions

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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

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