Blaw Outline

Chapter 22 Promoting Competition: Outline 1. The Sherman Antitrust phone number a. major(ip) Provisions of the Sherman Act -Prohibits contracts, combinations, and conspiracies in restraint of deal out. -Prohibits monopolies and attempts to monopolize b. Differences amongst branch 1 & component 2 -Violation of instalment 1 requires 2 or to a greater extent multitude bit rapine of character 2 can take to to both one person or two or more persons. -Section 1 cases usually argon concerned with innovation an arrangement that leads to a restraint of craft, while Section 2 cases have 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 outlawed restraints. | monopoly | A term generally used to overreach intelligence activity a market in which ther e is a protagonist seller or a very limited number 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 sterling(prenominal) 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 justify and are deemed illegal as a matter of law, while ruler of reason is employ when an anticom petitive agreement may be justified by trus! tworthy 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 imprint 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 water parting up...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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