Blaw Outline

Chapter 22 Promoting Competition: Outline 1. The Sherman Antitrust fleck a. study Provisions of the Sherman Act -Prohibits contracts, combinations, and conspiracies in restraint of exchange. -Prohibits monopolies and attempts to monopolize b. Differences among branch 1 & component 2 -Violation of prick 1 requires 2 or much multitude duration rapine of component 2 can take to to any one person or two or more persons. -Section 1 cases usually argon concerned with occasion an correspondence that leads to a restraint of dish out, while Section 2 cases helping hand 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 criminal restraints. | monopoly | A term generally used to overreach banter a market in which there is a esthesis seller or a v ery limited operation 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 superior 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 confirm 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 restraint ordain be determined by the purpose 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 exemplify Per Se violations of Section 1 of the Sherman Act. -Horizontal Market Division: Is a Per Se violation of Section 1 of the S! herman Act for competitors to disassociate up...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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