Microeconomics Chapter 13 Antitrust Laws

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Federal Trade Commission Act of 1914

Created a mechanism to enforce antitrust laws.

Hart-Scott-Rodino Act

Extended antitrust legislation to proprietorships and partnerships

Clayton Act of 1914

Outlawed specific practices that discourage competition, including tie in sales contracts, price discrimination for the purpose of reducing competition, and stock purchase mergers that would substantially reduce competition.

Robinson-Patman Act

Prohibited selling products at "Unreasonably low prices" with the intent of reducing competition

Sherman Act of 1890

made it illegal to monopolize a market or to engage in practices that result in a restraint of trade

Celler-Kefauver Act

outlawed asset-purchase mergers that would substantially reduce competition


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