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Chapter 4 case: Essay Question #5 Page 107Federal antitrust statutes are complex, but the basic goal is straightforward: To preventa major industry from being so dominated by a small group of corporations that theydestroy competition and injure consumers. Does Major League Baseball violate theantitrust laws? Many observers say that it does. A small group of owners not onlydominate the industry, but actually own it, controlling the entry of new owners into thegame. This issue went to the United States Supreme Court in 1922. Justice Holmesruled, perhaps surprisingly, that baseball is exempt from the antitrust laws, holding that
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United States Congress, Major League Baseball, Major Industry