To: Reader From: Re: Sherman Antitrust Act Facts John Davison Rockefeller was the founder of Standard Oil Company in 1870 and ran it until he retired in 1897. Standard Oil gained almost complete control over the oil refining market in the United States by underselling its competitors. Rockefeller and his associates owned dozens of corporations operating in just one state. The Sherman Antitrust Act was enacted on July 2nd‚ 1890 which prohibits activities that restrict interstate commerce
Premium Standard Oil Sherman Antitrust Act Trust
Regulation 2 Industrial regulation is government imposed regulation of an entire industry in order to monitor prices and products provided to the public. Industrial regulation exists to avoid overpricing‚ lack of competition and the overall taking advantage of consumers. The intended impact on the markets is to promote competition and economic efficiency. Industrial regulation
Premium Occupational safety and health Competition Monopoly
Matriculation No: A0073277Y No. of Words: 2915 words Question: The Liner Conference Block Exemption and the Section 34 Prohibition Evaluate the reasons for and against maintaining this block exemption for the benefit of this segment of the shipping industry - is the position taken by Singapore justifiable in light of the experiences of other more mature competition law jurisdictions? I. Introduction The Minister of Trade and Industry‚ upon the recommendation of the Competition Commission
Premium European Union Competition Competition law
The antitrust laws were adopted by Congress to outlaw or restrict business practices that were considered to be monopolistic or which restrained interstate commerce. The Sherman Antitrust Act of 1890 declared illegal "every contract‚ combination or conspiracy in restraint of trade or commerce" between states or foreign countries. The Clayton Antitrust Act of 1914‚ amended by the Robinson-Patman Act of 1936‚ prohibits discrimination among customers through pricing and disallows mergers‚ acquisitions
Premium Cartel Trust Sherman Antitrust Act
How does antitrust policy and regulation affect economic welfare? Antitrust policies and regulations placed by the government of the United States are geared for the competitive process. Several rulings on major companies have been made in order to have a set of guidelines of when a government intervention is needed. Government intervention acts like a regulator with goal of improving economic welfare‚ well at least in theory. By implementing antitrust policies governments decrease market powers
Premium Economics Competition law Monopoly
Should College Mascots Be Regulated? In Ryan Fulda’s article‚ "Is the NCAA Prohibition of Native American Mascots From Championship Play a Violation of the Sherman Antitrust Act?"‚ he introduces the controversy over having Native American mascots and symbols used by teams in college sports‚ and whether or not prohibiting the use of them violates the antitrust laws. In the rest of Fulda ’s article‚ he successfully breaks down how prohibiting the use of Native American influences could be considered
Premium College University National Collegiate Athletic Association
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
Premium Law Trust Consumer protection
Cory Diamond 4/18/13 Microeconomics Lana Podolak AT&T Antitrust Violation Case In 1982‚ The Department of Justice settled its antitrust case against AT&T. The MFJ (The Modification of Final Judgment) separated local business from its long distance business by creating a division between intra-LATA (local access and transport area) and inter-LATA exchange areas. AT&T divested itself of its 22 BOCs which subsequently formed 7 regional Bell operating companies (RBOCs). When
Premium United States Law Cartel
Market Powers and Antitrust Practices The goals of antitrust laws are to make corporations compete fairly and are intended to prevent monopolies and encourage competition. A company that has market power can change prices to benefit their company. Other companies will follow their example. In the antitrust investigation against Apple‚ Inc.‚ Apple’s collusion with publishers increased its market power considerably‚ essentially high jacking the e-book market. With the ever-evolving technological
Premium Cartel Trust Consumer protection
a teenager. Nicknamed "El Chapo"‚ he established the Sinaloa cartel in 1989‚ after some time building it into a tremendously gainful worldwide drug-trafficking operation. Known for his violent activities and powerful influence‚ Guzmán has effectively arranged daring escapes from maximum-security penitentiaries in his own country‚ he turned into Mexico’s top drug kingpin in 2003 after the capture of his opponent Osiel Cárdenas of the Gulf Cartel‚ and is viewed as the "most dangerous drug trafficker
Premium Illegal drug trade Drug cartel Mexican Drug War