Business English Lesson – Advanced Level''''s archiveMonopoly docx

Business English Lesson – Advanced Level's archive Monopoly 1. According to Cornell University Law School, trusts and monopolies are of wealth in the hands of a few. amassings concatenations concentrations masses 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. marginalize maximize obfuscate obliterate 3. These, in turn, cause markets to stagnate and individual initiative. drip sap skip tap 4. To prevent trusts from creating on trade or commerce and reducing competition, Congress passed the Sherman Act in 1890. (a) curtailment refrains restraints 5. The Sherman Act is the main source of law. antitrust commercial monopolistic oligarchic 6. The Sherman Act is a Federal and as such has a scope limited by Constitutional constraints on the Federal government. bylaw edict regulation statute 7. The commerce clause, however, allows a very wide interpretation and application of this act. about for on with 8. The Sherman Act applies to all transactions and business involved in commerce. international internecine interstate intestate 9. Most if not all states have comparable laws prohibiting monopolistic conduct, price fixing agreements, and other acts that constrain trade having strictly local compact contract impact influence 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. embroiled enacted engaged entwined . Business English Lesson – Advanced Level's archive Monopoly 1. According to Cornell University Law School,. application of this act. about for on with 8. The Sherman Act applies to all transactions and business involved in commerce. international internecine interstate intestate 9. Most if