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
