Business English Lesson – Advanced Level''''s archiveMonopoly docx

Business English Lesson – Advanced Level's archive
Monopoly
1. According to Cornell University Law School, trusts and
monopolies are of wealth in the hands of a few.

amassings
concatenations
concentrations
masses
2. Such conglomerations of economic resources are
thought to be injurious to the public and individuals
because such trusts minimize, if not normal
marketplace competition, and yield undesirable price
controls.

marginalize
maximize
obfuscate
obliterate
3. These, in turn, cause markets to stagnate and
individual initiative.

drip
sap
skip
tap
4. To prevent trusts from creating on trade or
commerce and reducing competition, Congress passed
the Sherman Act in 1890.

(a)

curtailment
refrains
restraints
5. The Sherman Act is the main source of law.

antitrust
commercial
monopolistic
oligarchic
6. The Sherman Act is a Federal and as such has a
scope limited by Constitutional constraints on the Federal
government.

bylaw
edict
regulation
statute
7. The commerce clause, however, allows a very
wide interpretation and application of this act.

about
for
on
with
8. The Sherman Act applies to all transactions and
business involved in commerce.

international
internecine
interstate

intestate
9. Most if not all states have comparable laws prohibiting
monopolistic conduct, price fixing agreements, and other
acts that constrain trade having strictly local

compact
contract
impact
influence
10. The Massachusetts Act reads: it shall be unlawful for
any person in commerce, to make a sale of goods
on the condition that the purchaser thereof shall not deal
in the goods of a competitor of the seller, where the effect
of such sale or such condition may be to lessen
substantially competition or tend to create a monopoly in
any line of trade.

embroiled
enacted
engaged
entwined