Asked by
Brandi Buchanan
on Dec 19, 2024Verified
The Celler-Kefauver Act of 1950
A) modified patent legislation by reducing the number of years over which a patent is applicable.
B) prohibited any firm from acquiring the real assets of another firm where the effect was to lessen competition.
C) declared all conglomerate mergers to be illegal.
D) prohibited any firm from buying the stock of another firm where the effect was to lessen competition.
Celler-Kefauver Act
A U.S. law, enacted in 1950, designed to prevent anti-competitive mergers and acquisitions by closing loopholes in earlier antitrust legislation.
Competition
The economic rivalry among businesses trying to achieve higher sales, profits, and market share by offering the best possible terms to customers.
Real Assets
Physical, tangible assets such as land, buildings, machinery, or commodities that have intrinsic value due to their substance and properties.
- Appraise the historical and juridical bases for antitrust legislation and its subsequent modifications, including the Sherman Act, Clayton Act, and Celler-Kefauver Act.
Verified Answer
SG
Learning Objectives
- Appraise the historical and juridical bases for antitrust legislation and its subsequent modifications, including the Sherman Act, Clayton Act, and Celler-Kefauver Act.