MGMT 200 Chapter Notes - Chapter 20: Predatory Pricing, Price Discrimination, Resale Price Maintenance
Document Summary
Most antitrust suits are private civil suits. Identify illegal behavior by their suppliers & competitors. Know when competitors wish to merge or combine operations. Every contract, combination in the form of a trust or otherwise or conspiracy in the restraint of trade or commerce. Treble damages (triple damages) + court costs + attorney fees if win. Illegal to substantially lessen competition or tend to create a monopoly. Includes selling commodities of like grade and quality at different prices if it has a monopolistic effect. Unfair methods of competition create monopoly by unfairly eliminating or excluding competitors from the marketplace (including unfair/deceptive acts) Harm suffered by the plaintiff must be the kind of harm antitrust laws are meant to prevent in order to receive damages. Injuries must be caused by anticompetitive behaviors of defendants not losing profits because new competitor enters market: antitrust law favors increased competition.
