Lesson_21 - Printable Lesson Materials Print these...

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Printable Lesson Materials 13218 NE 20th Street Bellevue, WA 98005 425-747-7272 800-221-9347 www.rockwellinstitute.com Print these materials as a study guide This portion of your printable materials consists of dozens of frames that summarize the content in this lesson. The frames are arranged on the page to make it easy for you to study the material and add your own notes from your textbook or the online course. Graphic Summaries Many students learn best from sets of questions, and this multiple choice quiz allows you to focus your review of the material to important topics. Quizzes These printable materials allow you to study away from your computer, which many students find beneficial. These materials consist of two parts: graphic summaries of the content and a multiple choice quiz . © 2009 Rockwell Institute
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1 California Real Estate Law © Copyright 2007 Rockwel Publishing, Inc. Lesson 21: Antitrust Law © Copyright 2007 Rockwel Publishing, Inc. Introduction This lesson will discuss: l antitrust law l prohibited acts l enforcing the law l antitrust law and the real estate profession © Copyright 2007 Rockwel Publishing, Inc. Antitrust Law Antitrust laws are aimed at preventing business arrangements and practices that have effect of restraining trade. Examples: l monopolies l price fixing l anticompetitive agreements
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2 © Copyright 2007 Rockwel Publishing, Inc. Antitrust Law Focus of antitrust laws: l originally: oil, gas, tobacco companies l later: communication and transportation companies l today: software companies and Internet- related services © Copyright 2007 Rockwel Publishing, Inc. Antitrust Law When businesses work together to control prices or limit supply ? higher prices; economy suffers When marketplace is competitive ? better products and prices Purpose of antitrust law © Copyright 2007 Rockwel Publishing, Inc. Antitrust Law Antitrust laws support competition in marketplace. Antitrust laws also designed to encourage: l entrepreneurs l small businesses Purpose of antitrust law
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3 © Copyright 2007 Rockwel Publishing, Inc. Antitrust Law In late 1880s, businesses in certain industries (oil, gas, tobacco, etc.) began merging and consolidating into huge corporations known as trusts . Monopoly : occurs when one seller of goods or provider of services has exclusive control over market; results in lack of competition with no reasonable substitutes History of antitrust law © Copyright 2007 Rockwel Publishing, Inc. Antitrust Law States began enacting antitrust laws, but these laws were only effective within state borders. Sherman Antitrust Act : federal law enacted in 1890 l Congress has since passed other antitrust laws, but Sherman Act remains foundation of federal antitrust law. History of antitrust law © Copyright 2007 Rockwel Publishing, Inc. Antitrust Law Sherman Act regulates interstate restraints on trade.
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Lesson_21 - Printable Lesson Materials Print these...

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