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77
Why did the Sherman Antitrust act achieve little, according to the book?
The kind of competition envisioned by the writers of the act was actually helpful and protected consumers. The fall in communication and transportation costs helped bring national and international markets in competition with local businesses, which helped lower prices and increase competition.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 12.10.2010