COB 218 Lecture Notes - Lecture 21: United States Antitrust Law, Resale Price Maintenance, Treble Damages
Document Summary
Laws regulating economic competition in the united states. The sherman antitrust act: major provisions of the sherman act. Sections 1 and 2 contain the main provisions: differences between section 1 and section 2. Section 1 concerned with finding an agreement leading to restraint of trade. Section 2 structure of a monopoly that exists in the marketplace. Jurisdictional requirements: only applies to restraints that have a substantial impact on interstate commerce, also extends to u. s. nationals abroad engaged in activities that have an effect on. Per se violations versus the rule of reason. Per se violations are blatant and substantially anticompetitive: why the rule of reason was developed. Factors courts consider under the rule of reason. Section 1 of the sherman act: horizontal restraints. Restrains competition between rival firms competing in same market. Price fixing: group boycotts, horizontal market division. Restraint of trade created by agreement between firms at different levels in manufacturing and distribution process.
