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5 Cards in this Set
- Front
- Back
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Sherman Act
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Section 1: prohibits two or more persons from acting together to retrain trade
Section 2: prohibits any person from obtaining a monopoly in the relevant market that causes injury to competition in the market |
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Goal of Antitrust Law
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-prevent a single firm or a related group from obtaining excessive market power
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Per Se Violations
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-type of illegal antitrust conduct
-the violation is so unreasonable on its face that court hold it to be illegal -ex. price fixing, market allocations and group boycotts |
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Rule of Reason
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-type of illegal antitrust conduct
-conduct that violates antitrust law pursuant -ex. unreasonably retrain trade |
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Reserve Clause
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-refers to the contractual provisions that prohibit a player from contracting with another club without the consent of the player's current team
-the original team reserves the rights to the player |
