Question

Question 23 1 pts Which of the following is the amendment to the Clayton Act that prohibited mergers through the acquisition of a firm's physical assets if the merger would lessen competition? Wheeler-Lea Act of 1938 Smoot-Hawley Tariff of 1930 Celler-Kefauver Act of 1950 Robinson-Patman Act of 1936

Answer 1

Statement - Which of the following in the amendment to the Clayton Act that prohibited mergers through the acquisition of a firm's physical assets if the merger would lessen competition?

Answer - Celler-Kefauver Act of 1950

Explanation -

The amendments made to the Clayton Act by the Celler-Kefauver Act of 1950 reformed and strengthened the Anti-trust act. The Celler-Kefauver Act was passed to close a loophole about the acquisition of assets. It prohibited the practice of mergers through the acquisition of physical assets if it resulted in reduction in the competition.