Critical Analysis .docx - BMAL 560 CRITICAL ANALYSIS The impact antitrust law on business PRINCIPLE Antitrust law is defined as a set of statutes

Critical Analysis .docx - BMAL 560 CRITICAL ANALYSIS The...

This preview shows page 1 - 2 out of 5 pages.

BMAL 560 C RITICAL A NALYSIS The impact antitrust law on business PRINCIPLE: Antitrust law is defined as a set of statutes developed to regulate competition between companies, mainly to ensure that businesses are engaging in fair competition. The purpose of these laws is to protect consumers from greedy business owners. (Study Academy) Designed to ensure fair competition in the economy Designed to strengthen the fair competition in the economy Set to restrict practices and control monopolies in favor of competition Prevents unfair and deceptive business practices Prevents monopoly and prohibits anti-competitive behavior in business practices Protects consumers and fosters competition (Lawrence, Weber) PRACTICE: Competitive law is a practice that’s accepted in the United States and other nations There is a vagueness in legislation which produces different opinions on the effectiveness Considered a standard business of operations around the world Comes from United States laws that were originally formed to combat business trust. Seen as an alternative to business regulation. PARTICULARS: Anti-trust law was formed due to public outcry over trust-Corporate monolpolies at the turn of the 20 th century Protects economic competition Preserves economic competition Preserves Values and Customs (Lawrence & Weber) PERSONS: Senator John Sherman-led to the Sherman Antitrust Act
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read all 5 pages?

  • Summer '14

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes