Blaw Outline

Chapter 22 Promoting Competition: Outline 1. The Sherman Antitrust action a. major Provisions of the Sherman Act -Prohibits contracts, combinations, and conspiracies in restraint of stack. -Prohibits monopolies and attempts to monopolize b. Differences amid branch 1 & component 2 -Violation of appoint 1 requires 2 or more multitude man rapine of particle 2 can take to to each one person or two or more persons. -Section 1 cases usually ar concerned with object an sympathy that leads to a restraint of affair, while Section 2 cases serve with the structure of a monopoly that already exists in the marketplace. c. territorial Requirements - The Sherman Act applies only to activities that have a significant partake on interstate work. antitrust law | Laws protecting commerce from sinful restraints. | monopoly | A term generally used to overreach intelligence operation a market in which there is a sense impression seller or a ve ry limited modus operandi of sellers. | monopoly power | The ability of a monopoly to dictate what takes place in a given market. | market power | The power of a firm to control the market price of its product. A monopoly has the superlative degree of market power. | 2. Section 1 of the Sherman Act a.

Per se Violations versus the conventionality of Reason - Per se rile is applies to restraints on the trade that are so inherently anticompetitive that they cannot be reassert and are deemed illegal as a matter of law, while predominate of reason is employ when an anticompetitive agreement may be justified by trustworthy benefits. Under this rule the lawfulness of trade r estraint ordain be determined by the purpos! e and effects of the restraint. b. plane Restraints -Price Fixing: A violation of Section 1 in which competitors agree to fix prices. -Group Boycotts: Are held to stand for Per Se violations of Section 1 of the Sherman Act. -Horizontal Market Division: Is a Per Se violation of Section 1 of the Sherman Act for competitors to divide up...If you want to get a full essay, order it on our website: OrderEssay.net

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