In 1890 the United States had major concerns about the market structure monopoly and its impact of consumers and the economy. The Sherman Anti-Trust act was passed and has been the standard since to prevent monopolies. In 1922 the Supreme Court heard a case brought by a competitor against a major business entity and ruled that this business was exempt from anti-trust legislation. It has continued exempt for close to a hundred years. Conduct some research and identify the only legal monopoly. Tell us who they are? Why the court decided as they did? Add your opinion – should that exemption continue today? Why or Why Not?
