Discussion 3.docx - Running head Discussion 3 1 Discussion 3 Scenario 3—Antitrust In this scenario the plaintiff is unhappy because he did not use the

Discussion 3.docx - Running head Discussion 3 1 Discussion...

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Running head: Discussion 3 1 Discussion 3 Scenario 3—Antitrust In this scenario, the plaintiff is unhappy because he did not use the parking ticket which he had paid for. According to Section 1 of the Sherman Act, agreements which restrain trade are prohibited. These include rigging of bids, deal refusal of fixing of prices. This applies to all parties involved, whether they are customers, competitors, or both. Although the law is clear that any conspiracy or contract that restrains trade is illegal, courts have in the past interpreted this to mean contracts and conspiracies that are unreasonable in terms of their degree of restraint of trade. Here, two approaches are taken by the court under the Sherman Act: The first approach implies that the reasons for which action was pursued are outweighed by the rule of reason and also the economic costs and benefits of the act before legality can be judged (The Sherman Act of 1890).
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