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Unformatted text preview: Antitrust laws o Sherman Act 1890- prohibits monopoly, monopolization, price fixing Standard Oil 1911- 33 pieces- S.O New Jersey- Exxon- S.O. NY- Moil American Tobacco 1911- 16 pieces ALCOA 1945- 3 pieces AT+T 1982/1984- 9 pieces- Lucent, Verizon o After Sherman Act- other laws, Clayton Act 1914 Also prohibited: - interlocking directorates- prohibits multiple board of director positions Tie-in sales- Microsoft 1999- using op. sys. Monop. To get mkt. power in browser Price-discrim., if hurts competition Predatory pricing-sell at loss to put competitor out of business monopoly In practice, predatory pricing difficult- prey may fight back Mergers- problem for competition: horizontal merger, 2 companies in same industry...
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This note was uploaded on 04/19/2011 for the course EC 201 taught by Professor Ballard during the Fall '08 term at University of Michigan.
- Fall '08