ANTITRUST - Antitrust Business Regulation and Deregulation...

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Antitrust Business Regulation and Deregulation Two ways the government has dealt with, and continues to deal with monopoly power are antitrust law and regulation. Antitrust Law Legislation passed for the stated purpose of controlling monopoly power and preserving and promoting competition. Trust A combination of firms that come together to act as a monopoly. Antitrust Acts Sherman Act (1890), The Clayton Act (1914), The Federal Trade Commission Act (1914), The Robinson-Pitman Act (1936), The Wheeler-Lea Act (1938), The Cellar- Kefauver Antimerger Act (1950), and the Hart-Scott-Rodino Antitrust Procedural Improvements Act (1980). The Sherman Act (1890) This act was passed during a period when mergers of companies were common. At that time, the organization that companies formed by combining together was called a TRUST; this ANTITRUST. The act contained two major provisions: 1. “Every contract, combination in the form of trust or otherwise of conspiracy in restraint of trade or commerce among the several states, or with foreign nations, is hereby declared to be illegal.” 2. “Every person who shall monopolize, or attempt to monopolize, combine or conspire with any other person or persons to monopolize any part of the trade or commerce…shall be guilty of a misdemeanor.” The Clayton Act (1914)
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ANTITRUST - Antitrust Business Regulation and Deregulation...

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