Antitrust Laws Case Study

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EGT3 A - The four major antitrust laws are as followed. - Sherman Act of 1890 o Prohibits business activities that might be anticompetitive and allows the government to investigate companies that might be in violation of anticompetitive practices. - Clayton Act of 1914 o This act was added to further strengthen the Sherman Act by preventing anticompetitive practices; three level enforcement schemes, exemptions, and remedial measures. It also protects consumers from having to buy additional products and services to obtain a product or service. Also prevents individuals from serving on competing board of directors if on a board of directors. - Federal Trade Commission Act of 1914 o Implemented to enforce anti-trust legislations, the act was amended in 1958 to protect consumers from false advertising and to prevent large corporations from unfair trade practices. - Celler-Kefauver Act of 1950 o Strengthened the Clayton Act by allowed the closing of a loophole regarding asset requirement and preventing individuals from buying competitors assts. B1 – Oligopoly is a market structure in wh...

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