Preview

The Pros And Cons Of Antitrust Laws

Good Essays
Open Document
Open Document
374 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Pros And Cons Of Antitrust Laws
Although antitrust laws are good for the market, as in the instance with the federal government’s use of the Sherman Act against AT&T, which led to a communication revolution, there are a couple of issues concerning antitrust laws. The first is issue is the interpretive nature of the federal and state government laws. The Sherman Act, The Federal Trade Commission Act, and the Clayton Act are federal statutes written in general language rather than exact verbiage on code of conduct. In the case of Continental TV vs. GET, Sylvania this general language along with the court’s interpretation of the laws has brought instances where precedent has been changed leading to unknown permissible behavior for companies. The second issue is the increasing
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Monopolies: The Sherman Antitrust Act
    • 73 Words
    • 1 Page

    Monopolies: The Sherman Antitrust Act

    A monopoly occurs when a company has such a large portion of the product market that it can set its own price despite the market equilibrium. Monopolies date back to Standard Oil Co. Inc. in 1870. Standard Oil Co. Inc. controlled also the entire oil market in its time and made huge profits by doing so. The Sherman Antitrust Act was put in place to combat monopolies and their power in the marketplace.…

    • 73 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    18e Key Question Answer
    • 505 Words
    • 3 Pages

    18e Key Question Answer

    (Key Question) Describe the major provisions of the Sherman and Clayton acts. What government entities are responsible for enforcing those laws? Are firms permitted to initiate antitrust suits on their own against other firms?…

    • 505 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Oltz V. St. Peter's Community Hospital
    • 997 Words
    • 4 Pages

    Oltz V. St. Peter's Community Hospital

    Anti-trust laws were established to promote and protect competition. This idea is the anti-trust law proper purpose. The purposes of the laws are not to punish big companies solely on account of their size, or to serve as an alternative set of “consumer protection” laws. The case of Oltz v. St. Peter’s Community Hospital is a different type of anti-trust case in which the hospital allowed a group of anesthesiologists from inside the facility to create an organization that directly eliminated outside competition from Mr. Oltz. The law was broken when the group of anesthesiologists banded together to drive out any form of competition, which resulted in the failure of Mr. Oltz’s business. Initially the organization of anesthesiologist from St.…

    • 997 Words
    • 4 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Median Income Case Study
    • 349 Words
    • 2 Pages

    Median Income Case Study

    3. Why do the United States, and many other counties, have antitrust laws on the books? What's so harmful about oligopoly that warrants an entire body of law?…

    • 349 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Anti-Trust Legislation & Court Cases
    • 1747 Words
    • 7 Pages

    Anti-Trust Legislation & Court Cases

    In the late nineteenth century, the United States of America saw companies flourish. Advances in technology greatly increased output and lowered costs of many goods; people were also making more money and the nation was truly prospering. Due to the booming economy, a great deal of changes occurred. Companies started to grow at a faster rate, and soon there were enormous companies that seemed to rule their individual industries. It quickly became apparent that some firms were monopolizing the industries, making prices higher and lessening the competitiveness of the market. Many companies were also fixing prices, forcing other businesses to pay ridiculous amounts since they had no other options.…

    • 1747 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Stevens V Board Of Regents Case Study
    • 3211 Words
    • 13 Pages

    Stevens V Board Of Regents Case Study

    was a case in which the Supreme Court of the United States held that the National Collegiate Athletic Association (NCAA) television plan violated the Sherman and Clayton Antitrust Acts. These antitrust laws were designed to prohibit group actions that restrained open competition and trade.…

    • 3211 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    LAW421 Week 1 Assignment
    • 798 Words
    • 3 Pages

    LAW421 Week 1 Assignment

    The business world is very competitive and it never rest. “Antitrust law is a field designed to promote business competition by curbing anti-competitive behavior such as price fixing and monopolization (Hammel, 2014)”. There are anti-trust and business ethics in place for business competition and regulated as well by the government.…

    • 798 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    The Sherman Antitrust Act: A Case Study
    • 141 Words
    • 1 Page

    The Sherman Antitrust Act: A Case Study

    DiLorenzo believed the Sherman Antitrust act was “ Protectionist at its roots” (pg141). The government was using this so that incompetent businesses would be protected. According to Dilorenzo there was no proof that monopolies were hurting the country. In fact , there was a deflation during the late 19th century , prices were decreasing which would benefit consumers . The Sherman Act support came from less competitive firms that wanted to break up their more successful rivals. An example Dilorenzo gave was cotton farms. They were upset that jute was being used to cover cotton bales instead of cotton. They petition government to restrain jute farmers. Small firms had more power than the big ones, because if big firms had as much power as Yellow…

    • 141 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Pros And Cons Of Microsoft Antitrust
    • 640 Words
    • 3 Pages

    Pros And Cons Of Microsoft Antitrust

    The antitrust laws were adopted by Congress to outlaw or restrict business practices that were considered to be monopolistic or which restrained interstate commerce.…

    • 640 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    What Is The Sherman Act Monopolies
    • 656 Words
    • 3 Pages

    What Is The Sherman Act Monopolies

    The United States Department of Justice pursues cases dealing with many aspects of the United States law system. One portion that they deal with is violations with the Antitrust laws. Anti trust laws were established to help the consumers and create competition, which create lower prices for products and services (Department of Justice, 2017 ). One of the three Antitrust Acts, the Sherman Act outlaws monopolies. There are currently two cases the Justice Department is working with that deal with monopolies, AMC’s acquisition of Carmike Cinemas and Foreign Exchange Dealers coming together to commit a Conspiracy. Both cases are interesting and have everything to do with anticompetitive behaviors leading to taking over a market.…

    • 656 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Pros And Cons Of The Antitrust Act
    • 172 Words
    • 1 Page

    Pros And Cons Of The Antitrust Act

    The antitrust act hasn’t changed since it has been created, however the advancement of technology has made it difficult to establish which company would fall under the antitrust act. Older industries are easier to deal with because they are most likely to have a line of cases. Railroads industries for example, have been around for a long time now, which means there has been judges deciding things about it for more than a century. The problem are the technology companies, those are very contemporary making it more difficult for economists and lawyers to decide what is going against the antitrust laws and what isn’t. Furthermore, the advancement of technology has drastically increase deals between different countries. Considering this, before a deal gets approved, it has go through all the antitrust acts from all the countries involved in the deal. A very challenging and long lasting process. Antitrust acts have been around for more than a century, however it has been going through some changes to keep up with the advancements of…

    • 172 Words
    • 1 Page
    Good Essays
    Read More
  • Good Essays

    The Pros And Cons Of Antitrust Laws
    • 401 Words
    • 2 Pages

    The Pros And Cons Of Antitrust Laws

    Progressives had beliefs such as industrialization and urbanization had created troubling social and political problems. Progressives wanted to bring about reforms that would correct what they saw as problems and injustices. The Antitrust Laws were designed to prevent and punish anti-competitive practices. Progressives complained that the Sherman Antitrust Act of 1890 was inadequate and ineffective in limiting the abuses of big businesses. The Progressives made states pass the antitrust laws to make cartels and monopolistic practices illegal and to regulate railroad rates.…

    • 401 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Essay On Sherman Antitrust
    • 469 Words
    • 2 Pages

    Essay On Sherman Antitrust

    Large corporations began to form monopolies in the 1800s. Competition helps the economy, by allowing the control of products and prices. However, in a monopoly there is only one seller of the product. Monopolies may cause prices to increase greatly, but only the corporation benefits. In order to seize control of large corporations was to form a trust. The federal government passes a series of antitrust laws in order to have a successful economy.…

    • 469 Words
    • 2 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    The Big 6 Media Conglomerates
    • 518 Words
    • 2 Pages

    The Big 6 Media Conglomerates

    When a single conglomeration controls a variety of media, it avoids antitrust law through the use of synergy. The problem with synergy is that a major company has the capacity to use the same pieces of information and alter them slightly to fit the audiences of different networks and media. Because there is less competition over media space, and because the use of a single perspective might be considered more cost effective, audience members are unable to witness as many unique perspectives when watching television or listening to the radio. Instead, we hear the same stories over and over again, but altered slightly to sustain an illusion of choice.…

    • 518 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Technology Has Changed American Agriculture
    • 528 Words
    • 3 Pages

    Technology Has Changed American Agriculture

    Individual enterprises fought diligently to dominate economic affairs but the government was obligated to intervene when unjust activity was apparent. It was unanimously believed, among businessmen, that the government should have very little say in economic issues, the basis for Laissez-Faire. Laissez-Faire was definitely incorporated in every issue concerning government policy. Many people are outraged with the political speakers. The people are saying that the political leaders have misled them. The Interstate Commerce Act was enacted to limit the freedom and wrongful capital gain of railways to benefit the people. The Senate passed the Sherman Antitrust Act, heavily influenced by the monopolies. The purpose of the act was to oppose the combination of entities that could potentially harm…

    • 528 Words
    • 3 Pages
    Good Essays
    Read More

Related Topics