Which act is known for addressing antitrust laws and promoting market competition?

The Sherman Antitrust Act is the foundational piece of legislation in the United States aimed at promoting competition and preventing monopolies in the marketplace. Enacted in 1890, this act addresses restrictive trade practices and prohibits any agreements or collaborations that restrain trade. Its primary purpose is to maintain a competitive market structure, which is essential for consumers, as it leads to fair prices and innovation.

By prohibiting monopolistic behaviors and practices, the Sherman Antitrust Act ensures that no single entity can dominate an industry unfairly. This bolsters the economy by encouraging a variety of businesses to flourish, which, in turn, serves consumers better through increased choices and improved services. This act set the stage for later antitrust legislation and enforcement actions, solidifying its importance in the landscape of U.S. economic policy.

The other options listed focus on different areas of regulation; the Print Media Act pertains to media ownership laws, the Real Estate Settlement Procedures Act concerns the process of real estate transactions and transparency, and the Housing and Urban Development Act addresses housing issues and urban development, which are unrelated to antitrust concerns or market competition.