a federal law that prohibits price discrimination and that a corporation cannot acquire the whole or any part of the assets of another corporation
a court order to dispose of interests that could lead to a monopoly.
the ability to control price and exclude competitors.
the charging practice by a seller of different prices to different buyers for commodities of similar grade and quality, resulting in reduced competition or a tendency to create a monopoly.
a federal statute designed to eliminate price discrimination in interstate commerce.
Sherman Antitrust Act
a federal statute prohibiting combinations and contracts in restraint of interstate trade, now generally inapplicable to labor union activity.
laws that guard against unfairness in corporate takeover situations.
three times the damages actually sustained.
the anticompetitive practice of requiring buyers to purchase one product in order to get another. Prohibited by the Sherman Act
Nobel economist has written government regulation of business interfere with the free enterprise system.
horizontal price fixing
any agreement to charge an agreed-upon price or set maximum or minimum prices between or among competitors are in violation of the Sherman Act
Sherman Act and monopoly
the monopoly position that be gained because of superior product or consumer preference, not from excluding competitors by other means
Prohibited by the Sherman Act. Can involve competitors: agreeing to not sell below a certain price, agreeing on commission rates, agreeing on credit terms, or exchanging cost info.
When large size enterprises plan to merge, they must give written notice to the FTC and to the head of the Antitrust division of the Department of Justice. They can block the merger
action on the theory that the state is suing as the parents of its people.
Things the Sherman Antitrust act prohibit
Tying, Price Fixing, Conspiracies, Monopolization, Horizontal Price Fixing