Business Law
The Sherman Act is a landmark federal statute enacted in 1890 aimed at promoting fair competition and prohibiting monopolistic practices in the United States. It serves as a foundational law for antitrust regulation, making illegal any contract, combination, or conspiracy in restraint of trade, as well as monopolization or attempts to monopolize any part of interstate commerce. This act is enforced primarily by regulatory agencies, which monitor and take action against anticompetitive behavior.
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