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Antitrust Act

   Also found in: Legal, Wikipedia 0.03 sec.
Antitrust Act: see Clayton Antitrust Act Clayton Antitrust Act, 1914, passed by the U.S. Congress as an amendment to clarify and supplement the Sherman Antitrust Act of 1890. It was drafted by Henry De Lamar Clayton.
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; Sherman Antitrust Act Sherman Antitrust Act, 1890, first measure passed by the U.S. Congress to prohibit trusts; it was named for Senator John Sherman . Prior to its enactment, various states had passed similar laws, but they were limited to intrastate businesses.
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It also seems that these corporations are or are on the verge of violating the Sherman Antitrust Act of 1890, enacted to prevent monopolies, keeping healthy competition alive to protect the consumers.
There are two major antitrust statutes: the Sherman Antitrust Act and the Robinson-Patman Act.
They filed suit late last month, accusing Exxon of violating both the Sherman Antitrust Act and the Petroleum Marketing Practices Act.
 
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