COM 107 Lecture Notes - Lecture 8: Clayton Antitrust Act, Sherman Antitrust Act, Telecommunications Act Of 1996
3 May 2016
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Exam 2 review chapters 11, 12, 13, 16. Monopoly: single firm dominates productions and distribution of a particular industry. Oligopoly: a few firms dominate an industry (us film and music industries). Limited competition: lots of producers and sellers but a limited offering of products. *sherman anti-trust act: 1890, outlaws monopoly practices and corporate trusts that fix prices. *clayton anti-trust act: 1914, strengthens antritrust law by prohibiting companies from selling only to dealers who agree to reject rival products. *celler-kefauver act: 1950, corporate mergers and joint ventures that reduce competition are limited. *federal communication commission: an independent us government agency charged with regulating interstate and international communications by radio, television, wire, satellite, cable, and the internet. *federal trade commission: responsible for enforcing regulation laws (sherman / clayton. Direct payment: in media economics, the payment of money, primarily for consumers, for a book, music, a movie, an online cable service, or a cable tv subscription.
