Monopoly

Please choose the most appropriate answer for each sentence.
  • 1

    According to Cornell University Law School, trusts and monopolies are ..... of wealth in the hands of a few.

  • 2

    Such conglomerations of economic resources are thought to be injurious to the public and individuals because such trusts minimize, if not ..... normal marketplace competition, and yield undesirable price controls.

  • 3

    These, in turn, cause markets to stagnate and ..... individual initiative.

  • 4

    To prevent trusts from creating ..... on trade or commerce and reducing competition, Congress passed the Sherman Act in 1890.

  • 5

    The Sherman Act is the main source of ..... law.

  • 6

    The Sherman Act is a Federal ..... and as such has a scope limited by Constitutional constraints on the Federal government.

  • 7

    The commerce clause, however, allows ..... a very wide interpretation and application of this act.

  • 8

    The Sherman Act applies to all transactions and business involved in ..... commerce.

  • 9

    Most if not all states have comparable laws prohibiting monopolistic conduct, price fixing agreements, and other acts that constrain trade having strictly local ......

  • 10

    The Massachusetts Act reads: it shall be unlawful for any person ..... in commerce, to make a sale of goods on the condition that the purchaser thereof shall not deal in the goods of a competitor of the seller, where the effect of such sale or such condition may be to lessen substantially competition or tend to create a monopoly in any line of trade.

Do you like our tests? Check out our shop!

We have ESL, TOEIC, TOEFL test compilations and much more!