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19 Cards in this Set
- Front
- Back
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Antitrust violations |
Through independent actions and conspiracy with another competitor in the same market |
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Prohibits every contract, combination in the form of trust or otherwise, or conspiracy in restraint of trade or commerce among there several states |
Sherman Antitrust Act, Section 1 |
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What section of the antitrust act requires more than 1 persons or entities? |
Section 1 |
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What section of the antitrust act is the boards, covering a wide range of competitive behavior? |
Section 1 |
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Means an act is inherently illegal |
"Illegal per se" |
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Means "in itself" or "by itself" |
"Per se" |
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What are the 4 serious restraints (per se) to be considered automatic violations? |
Price fixing Horizontal market allocation agreements Group boycotts Tying arrangements |
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What section is the "rule of reason"? |
Section 1 |
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What section is "per se"? |
Section 1 |
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What does the rule of reason do? |
Shows the balance of pro-competition and anti-competition effects of an arrangement |
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"Every person who shall monopolize or attempt to monopolize, or combine or conspire with any other person or persons to monopolize any part of the trade or commerce among the several state or with foreign nations shall be deemed guilty of a felony" |
Sherman Antitrust Act, Section 2 |
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What section of the antitrust act is civil complaints? |
Section 2 |
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What section can be single person or more than one? |
Section 2 |
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The ability to control prices in the defined market or to exclude competitors from that market |
"Monopoly power" |
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What section of the antitrust act is monopoly power? |
Section 2 |
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Focuses on mergers, joint ventures, and other arrangements among two or more entities |
Clay Act |
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Prohibits an organization from acquiring all or part of the stock or assets another of another organization if the result will be to substantially lessen competition or tend to create a monopoly in a defined market |
Clayton Act, Section 7 |
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Illegal to discriminate in price between different purchases of products or services of similar grade and quality |
Robinson-Patman Act |
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What are the defenses to Antitrust charges? |
State-action doctrine Noerr-Pennington exception Health Care Quality Improvement Act Non-commercial activities |
