In the US Steel Case of 1920, the Courts Held That

Multiple Choice

In the U.S. Steel case of 1920, the courts held that

A) the structure of an industry is more important than its behavior in determining violations of the antitrust laws.
B) any firm that faces substantial import competition is exempt from the antitrust laws.
C) although U.S. Steel possessed monopoly power, it had not violated the Sherman Act because it had not unreasonably used that power.
D) the fact that U.S. Steel possessed monopoly power was a violation of the Sherman Act.