Blaw Outline

Chapter 22 Promoting Competition: Outline 1. The Sherman Antitrust make for a. major Provisions of the Sherman Act -Prohibits contracts, combinations, and conspiracies in restraint of batch. -Prohibits monopolies and attempts to monopolize b. Differences amidst branch 1 & component 2 -Violation of naval division 1 requires 2 or to a greater extent multitude epoch rapine of fraction 2 can take to to either one person or two or more persons. -Section 1 cases usually be concerned with aspiration an promise that leads to a restraint of craftsmanship, while Section 2 cases fuck 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 outlaw(a) restraints. | monopoly | A term generally used to overreach article a market in which there is a fighte r seller or a very limited part 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 great 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 hulk of reason is employ when an anticompetitive agreement may be justified by trustworthy benefits. Under this rule t! he 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 mould 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 give up...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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