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Clayton Act |
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Clayton Act A 1914 American antitrust law that expanded and clarified the Sherman Act of 1890. The act prohibited price discrimination, mergers that substantially decrease competition, and other practices that the Sherman Act left for court interpretation. Significantly, the Clayton Act exempted unions and labor organizations from its provisions because the Sherman Act had been used to restrict the ability to strike. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Along with the Clayton Act of 1914, the law bans mergers that unduly hinder competition, as well as predatory pricing and other behavior in which a company uses its market power to hurt competitors without helping consumers. The principal federal antitrust acts are the Sherman Act, (1) the Clayton Act, (2) the Federal Trade Commission Act, (3) the Robinson-Patman Act, (4) and the Hart-Scott-Rodino Act. If the sherman act and clayton act didn't address a pressing public interest, why were they passed? |
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