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Antiturst Laws are U.S. legislation designed to
prevent businesses from price-setting or other secret or illegal
collaborations that circumvents the natural forces of a free market
economy and gives those engaging in the anti-trust conduct a covert
competitive edge.
Two
acts which cover Antitrust Laws are The Sherman Antitrust Act of
1890 declared illegally "every contract, combination...or conspiracy
in restraint of trade or commerce" between states or foreign
countries. And the Antitrust Law The Clayton Antitrust Act of 1914
prohibits discrimination of customers through pricing as well as
disallows mergers, acquisitions or takeovers of one firm by another.
Antitrust laws are enforced for the federal government by the
Antitrust Division of the U.S. Department of Justice.
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