What is the Sherman Antitrust Act?
The Sherman Antitrust Act is a federal law that prohibits certain anticompetitive conduct and unfair competition. It was enacted in 1890 and is designed to prevent large companies from forming monopolies and maintaining significant market power over particular goods and services. The Sherman Antitrust Act applies to all businesses in the United States, including those in the state of Florida. The act outlaws any agreement among competitors to restrict competition in a market and also prohibits mergers and acquisitions which substantially reduce competition. The act also prohibits certain kinds of tactics used by firms to gain competitive advantages, such as price fixing and exclusive dealing agreements. In short, the Sherman Antitrust Act is designed to maintain a competitive market structure with a level playing field for all businesses in the United States.
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