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Clayton Act

   Also found in: Legal, Encyclopedia, Wikipedia 0.06 sec.
Clayton Act
A 1914 federal antitrust law designed to promote competition by prohibiting or severely restricting practices such as the acquisition of competitors, price discrimination, secret rebates, and interlocking directorates.


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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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