Classnotes Antitrust Law

Classnotes Antitrust Law - Classnotes: Antitrust Law...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Classnotes: Antitrust Law Competition is at the heart of capitalism. However, as industries developed after the Civil War, many similar industries, which would otherwise be competitors, entered into cooperative arrangements with the intent to create monopolies, fix pricing or supply, restrict trade, and defeat competition. These “industrial trusts” were a device whereby several corporations would work together “behind the scenes” for their mutual benefit, while maintaining their individual identities. The federal government passed several laws to address this monopolistic behavior. Federal Antitrust Laws 1890 Sherman Act—makes certain restraints of trade and monopolistic acts illegal 1914 Clayton Act—regulates mergers and prohibits certain exclusive dealing arrangements 1914 Federal Trade Commission Act—prohibits unfair methods of competition 1930 Robinson-Patman Act—prohibits price discrimination Civil and Criminal Penalties for Violation of Antitrust Laws The federal government is authorized to bring actions to enforce antitrust laws. Criminal Penalties: Only the Sherman Act authorizes criminal actions. Civil Penalties:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Classnotes Antitrust Law - Classnotes: Antitrust Law...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online