CHAPTER 41

CHAPTER 41 - CHAPTER SUMMARY Sherman Antitrust Act...

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CHAPTER SUMMARY Sherman Antitrust Act Restraint of Trade Section 1 prohibits contracts, combinations, and conspiracies that restrain trade Rule of Reason standard that balances the anticompetitive effects against the procompetitive effects of the restraint Per se Violations conclusively presumed unreasonable and therefore illegal Quick Look Standard a modified or abbreviated rule of reason standard Horizontal Restraints agreements among competitors Vertical Restraints agreements among parties at different levels in the chain of distribution Application of Section 1 Price Fixing an agreement with the purpose or effect of inhibiting price competition; horizontal agreements are per se illegal, while vertical price fixing is judged by the rule of reason Market Allocation division of markets by customer type, geography, or products; horizontal agreements are per se illegal, while vertical agreements are judged by the rule of reason standard Boycott agreement among competitors not to deal with a
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CHAPTER 41 - CHAPTER SUMMARY Sherman Antitrust Act...

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