For each of the major laws discussed in the text, indicate whether

For each of the major laws discussed in the text, indicate whether in the long run the law will promote or restrict competition (Exhibit 3–4). As a consumer without any financial interest in business, what is your reaction to each of these laws?

Law Product Place Promotion Price Sherman Act (1890) Monopoly or conspiracy in restraint of trade Monopoly or conspiracy to control a Monopoly or conspiracy to control distribu- tion channels Monopoly or conspiracy to fix or control prices product Clayton Act (1914) Substantially less- ens competition Exclusive dealing contracts (limiting buyers'