LOS g: Summarize U.S. antitrust legislation.
Q1. The first major piece of U.S. antitrust legislation was enacted in:
A) 1876.
B) 1890.
C) 1914.
Q2. The U.S. federal governmental regulatory agency that reviews and approves mergers is called the:
A) Federal Trade Commission.
B) Department of Justice.
C) Securities and Exchange Commission.
Q3. Which of the following statements regarding the Celler-Kefauver Act is least accurate? The Celler-Kefauver Act:
A) was passed to address weaknesses in the Clayton Act.
B) required that all mergers must be approved by the appropriate governmental regulatory agency in advance.
C) added rules to address vertical and conglomerate mergers.
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