What is a major problem associated with the Sherman Antitrust Act?

The major problem associated with the Sherman Antitrust Act is that certain terms were not properly defined. This lack of clear definitions can lead to ambiguity in interpretation and enforcement of the law. For example, terms like "restraint of trade" and "monopoly" are open to varying interpretations, which can complicate legal proceedings and enforcement actions. The ambiguity may result in difficulty for businesses to understand what specific actions might violate the Act and for regulators to enforce it effectively.

As a consequence, businesses may inadvertently engage in practices that could be viewed as anticompetitive, while regulators may struggle to address practices that should be prohibited but fall outside the unclear definitions. This problem highlights the importance of clarity in legal statutes to ensure that both businesses and consumers are protected effectively while promoting fair competition in the marketplace.