MANAGEMENT

Detailed explanation-1: -The Sherman Act outlaws “every contract, combination, or conspiracy in restraint of trade, ” and any “monopolization, attempted monopolization, or conspiracy or combination to monopolize."

Detailed explanation-2: -Why Was the Sherman Antitrust Act Passed? The Sherman Antitrust Act was passed to address concerns by consumers who felt they were paying high prices on essential goods and by competing companies who believed they were being shut out of their industries by larger corporations.

Detailed explanation-3: -It prohibits all agreements and conspiracies in restraint of trade and commerce. These prohibited restraints include price fixing, market allocation, boycotts, bid rigging and tying agreements. The Sherman Act also prohibits monopolizing or attempts to monopolize any line of commerce.

Detailed explanation-4: -Whereas the Sherman Act only declared monopoly illegal, the Clayton Act defined as illegal certain business practices that are conducive to the formation of monopolies or that result from them.