Antitrust Laws: Understanding Monopolies, Anti-Competitive Behavior, and Regulations, Quizzes of Business and Labour Law

Download Antitrust Laws: Understanding Monopolies, Anti-Competitive Behavior, and Regulations and more Quizzes Business and Labour Law in PDF only on Docsity! TERM 1 purpose of antitrust laws DEFINITION 1 to prevent monopolies and anti-competitive behavior TERM 2 Rockefellar DEFINITION 2 late 1800soil TERM 3 liabilities of antitrust DEFINITION 3 criminal:individual: up to $1 mill in fine and 10 years in jailcorporation: up to $100 mill for each offensecivil:private parties may receive triple damages TERM 4 Sherman Act DEFINITION 4 response to Rockefeller monopolyprohibits contracts and conspiracies in restraint of tradecollusion- conspiring, planninghas 2 sections TERM 5 Section 1 of Sherman DEFINITION 5 2 + partiesper se legalityrule of reason TERM 6 per se illegality DEFINITION 6 automatically legalhorizontal price fixinghorizontal territory planning TERM 7 horizontal price fixing DEFINITION 7 agreements among competitorsprice ceilings are illegaldoesn't matter what price you set it at TERM 8 horizontal territory planning DEFINITION 8 agreements about where to conduct businesswhich regions you are going to take over TERM 9 rule of reason DEFINITION 9 unreasonable restraint of tradesuppresses competitiondeals with:vertical agreementsconcerted activitiesmake chart of pro comp and anti comp behaviorlook at intentwhether parties could have relied on less restrictive means TERM 10 Cali dental association example DEFINITION 10 example of rule of reasonagreement to not advertise pricecourt ruled it was anti-competitive nature