BSLW1021 Chapter Notes - Chapter 5: Clayton Antitrust Act, Sherman Antitrust Act, Market Power
30 Aug 2016
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Chapter 5 law states may regulate all aspects of business so long as they do not impose an unreasonable burden on interstate commerce or any activity of the federal government. Governments, both national and state, may regulate prices. The sherman act is the federal law that regulates anticompetitive behavior among horizontal competitors. ----- horizontal price-fixing, any agreements to charge an agreed-upon price or to set maximum or minimum prices between or among competitors are per se in, through, or by themselves a violation of the sherman act. -----no boycotiing market power, which is the ability to control price and exclude competitors. Clayton act and robinson-patman act prohi- bit price discrimination. Price discrimination occurs when a seller charges different prices to different buyers for commodities of like grade and quality, . Max fine for a corporation is 100 mill, a person 1 mill or 10 years prison max or both!
