BSLW1102 Chapter Notes - Chapter 5: Clayton Antitrust Act, Marginal Cost, Price Discrimination
20 Jun 2016
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A. 2. government provides response to avoid harm and antitrust laws protect against monopolies: regulation and unfair competition. Regulation of horizontal markets and competitors: antitrust laws regulate the relationships between and among competitors, known. B. 1. a) horizontal price fixing (b. 1. a. 1) agreed upon price either low or high. B. 2. a) monopolization (b. 2. a. 1) market power needs to be determined (b. 2. a. 1. a) the ability to control price and exclude competitors. Marsh and mclean (b. 2. b. 1) giving fake numbers of the insurance companies to make their rates seem like the best. B. 3. a) gates emails were read in court showing his desire to own net- scape. B. 5. a) divestiture order (b. 5. a. 1) order a violating defendant to dispose of any interest in cre- ating a monopoly with mergers. Regulation of the supply chain and vertical trade restraints: price discrimination. A. 1. clayton act and robinson patman act prohibited price discrimination. A. 2. occurs when a seller charges different prices to different buyers for commodi- ties of like grade and quality.
