Question

Sherman and Clayton Antitrust Acts (a) The Sherman Act makes it illegal to "monopolize, and attempt...

Sherman and Clayton Antitrust Acts

(a) The Sherman Act makes it illegal to "monopolize, and attempt to monopolize." Does

this imply that a person who owns a monopoly is breaking the law? If not, why not?

(b) In plain English, what actions does Section 3 of the Clayton Act prohibit?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

A- An unlawful monopoly exists when a firm controls the market for a product or a service as it has obtained the power not because of the product or the service but because of suppressing competition by anticompetitive conduct. The Sherman act makes it a crime to monopolize anypart of the interstate commerce.

B- The Clayton act is a civil statue which prohibits mergers and acquisitions that likely to lessen competition. The government challenges the mergers that are likely to increase the prices . All the persons considering acquisitions and mergers above a certain size should notify the anti trust division and the federal trade commission. The Clayton act also prohibits other business practices which may lessen or harm the competition under particular and few circumstances .

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Are any of the following fact-patterns Antitrust Violations under the Sherman Act, Clayton Act, or Robinson-Patman...
Are any of the following fact-patterns Antitrust Violations under the Sherman Act, Clayton Act, or Robinson-Patman Act? Jay Corporation, the largest manufacturer of bicycles in the United States with 40 percent of the market, has recently entered into an agreement with Retail Bike, the largest retailer or bicycles in the United States with 37 percent of the market, under which Jay will furnish its bicycles only to Retail, and Retail will sell only Jay's bicycles. The government is now questioning...
Why might a firm charged with violating the Clayton Act,section 7,try arguing that the product sold...
Why might a firm charged with violating the Clayton Act,section 7,try arguing that the product sold by the merged firms are in separate market?Why might a firm charged with violating section section 2 of Sherman Act trying convincing the court that none of its behavior in achieving and main training its monopoly was illegal.
The antitrust acts were the result of political pressures by whom? a) The Populist movement b)...
The antitrust acts were the result of political pressures by whom? a) The Populist movement b) Farmers concerned about the railroad's pricing practices c) The distribution of power between farmers and railroads d) All of the above were political pressures to enact antitrust laws ANSWER:         23. Antitrust laws are concerned with the following, except: a) Structure of the markets. b) Foreign policy. c) Conduct of market participants. d) Performance of the markets. ANSWER:          24. What percentage of suits filed under...
What is the Commerce Clause of the United States Constitution? The U.S. Supreme Court has a...
What is the Commerce Clause of the United States Constitution? The U.S. Supreme Court has a ruled that a state violates the Commerce Clause when …. What are the 3 major areas in which governments regulate commerce? What is a security? Describe the Securities Act of 1933 – What is the Securities and Exchange Commission? What is the Registration Statement? Define Sarbanes-Oxley Act and define it purpose. Define Antitrust What is a monopoly in business – Describe The Sherman Antitrust...
27–5. Section 1 of the Sherman Act. The National Collegiate Athletic Association (NCAA) and the National...
27–5. Section 1 of the Sherman Act. The National Collegiate Athletic Association (NCAA) and the National Federation of State High School Associations (NFHS) set a new standard for non-wood baseball bats. Their goal was to ensure that aluminum and composite bats performed like wood bats in order to enhance player safety and reduce technology-driven home runs and other big hits. Marucci Sports, LLC, makes non-wood bats. Under the new standard, four of Marucci’s eleven products were decertified for use in...
9. Which of the following is not true about the virtues in Aristotle’s ethics? (a) They...
9. Which of the following is not true about the virtues in Aristotle’s ethics? (a) They are states of character. (b) The virtuous person experiences pleasure when doing virtuous actions. (c) They are acquired via divine commands. (d) They allow our characteristic activities to be performed well. (e) They require our sentiment as well as our intellect.                                                                                                 10. Which of the following best captures the conclusion of Nagel’s argument in “What Is It Like to be a Bat?” (a)...
Part 3 __________ is the organization that enforces the Occupational Safety and Health Act (OSHA). •...
Part 3 __________ is the organization that enforces the Occupational Safety and Health Act (OSHA). • The Justice Department • • The Securities and Exchange Commission   •The Securities Exchange Commission •The Occupational Safety and Health Administration • The Food and Drug Administration Who is covered under the provision of the FLSA that mandates employees working more than 40 hours a week earn time and a half pay? • Regular salespersons • Administrative employees • Outside salespersons • Executives • Professional...
CHINESE CASE STUDY #1 An elderly, Asian-looking man is admitted to the emergency room with chest...
CHINESE CASE STUDY #1 An elderly, Asian-looking man is admitted to the emergency room with chest pain; difficulty breathing; diaphoresis; vomiting; pale, cold, clammy skin; and apprehension. Three people, speaking a mixture of English and a foreign language to one another, accompany him. The nurse tries to speak English with the man, but he cannot understand anything she says. Accompanying the elderly man are two women (one elderly and very upset and one younger who stands back from the other...
Question 1) Which of the following are considered valid criticisms of the legalistic model of crime...
Question 1) Which of the following are considered valid criticisms of the legalistic model of crime and criminology? a. Law in action departs substantially from the ideal behavior of the law. b. Focusing only on legally criminalized behavior makes it impossible to consider the impact of gender, race, age and ethnicity. c. Legalistic definitions ignore acts that cause great harm. d. The legalistic model suggests that these are absolute standards for judging right and wrong. e. All of the above....
Question 61 Cal plans to open a small business marketing consulting firm operating as a corporation....
Question 61 Cal plans to open a small business marketing consulting firm operating as a corporation. He signed an office lease with landlord as Marketing Priorities, Inc. prior to incorporating the business. Shortly thereafter, he gave up the consulting idea and took a job teaching. Is Cal personally liable on the lease? ? Question 62 The principal of a company co-mingled his business expenses and personal expenses. That is, he used business profits to pay his ex-wife’s alimony. When the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT