COB 218 Study Guide - Quiz Guide: Clayton Antitrust Act, Sherman Antitrust Act, Horizontal Market
15 Dec 2016
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Section 1: concerned with finding an agreement leading to restraint of trade. Horizontal restraints: price fixing, group boycotts, horizontal market division, trade association. Monopoly: a market in which there is a single seller or very limited amount of sellers. Monopoly power: ability of a monopoly to dictate what takes place in a given market. Market power: power of a firm to control the market price of its product. Rule of reason: purpose of the agreement, its effects on competition, if less restri(cid:272)tive (cid:373)ea(cid:374)s (cid:272)ould"ve (cid:271)ee(cid:374) used. Unilateral refusals to deal: refuse to deal with someone. Who can enforce the acts: u. s. department of justice, (enforce & prosecute, federal trade commission, private parties. Section 2 of the sherman act: monopolization, monopoly power, relevant market, product & geographical, the intent requirement, attempts to monopolize, anticompetitive conduct, specific intent to exclude competitors and garner monopoly power, possibility of success. Vertical restraints: territorial or customer restrictions, resale price or maintenance agreements.
