Sherman/Clayton Act
When was the Sherman Act implemented?
1890
When was the Clayton Act implemented?
1914
Tying Contracts
A requirement imposed by a seller that a buyer purchase another of its products as a condition to for buying a desired product.
interlocking directorates
A situation where one or more members of the board of directors if a corporation are also on the board of directors of a competing corporation.
interlocking directorates are illegal under the _______
Clayton Act
Tying contracts were outlawed by the
Clayton act.
Section 2 of the Sherman Act states
Every person who shall monopolize, or attempt to monopolize, or combine or conspire to with and person or persons, to monopolize and part of the trade or commerce among the seveal states, or with foreign nations, shall be deemed guilty of a felony.
Clayton Act
Federal antitrust law that strengthened the Sherman Act by making it illegal for firms to tk engage in tying contracts, interlocking directorates, and certain forms of price discrimination.
antitrust laws
Legislation that prohibits anticompetitive business activities such as price fixing, bid rigging, monopolization, and tying contracts.
Section 2 of the Sherman Act outlawed __________
Monopolization.
Section 2 of the Clayton Act outlaws ________
Price discrimination when it is not justified on the basis of cost differences and when it reduces competition.
Section 7 of the Clayton Act prohibits_______
The acquisition of stocks of competing corporations when the outcome would be less competition.
Sherman Act
The federal antitrust law that makes monopoly and conspiracies to to restrain trade criminal.
Section 8 of the Clayton Act prohibits _______
The formation of interlocking directiorates in large corperations where the effect would be reduced competition.
Section 3 of Clayton Act prohibits _________
Tying contracts in which a producer requires that a buyer purchase another of its products as a condition to obtain the desired contract.