Chapter 66, Problem 3MCQ

To determine

To state: the year when the first legislation against cartels was passed.

Answer to Problem 3MCQ

The correct answer is option C i.e. 1890

Explanation of Solution

The first legislation against cartels was passed on 2^nd July 1890.

Intending to prevent anti-competitive practices, Congress passed the Sherman Antitrust Act of 1890. This was the first Federal law banning the practices that were harmful to consumers and considered to curtail or prevent monopolies, trusts, and cartels

So, the correct answer is option C i.e. 1890.