antitrust laws


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Antitrust laws

Legislation established by the federal government to prevent the formation of monopolies and to regulate trade.

Antitrust Law

Any law opposing trusts, monopolies, and other organizations or practices deemed to be anti-competitive. Antitrust laws especially refer to laws forbidding price-fixing contracts, price discrimination, and tying. Proponents of antitrust laws believe they increase competition, while opponents, notably Ayn Rand, argue that they encourage economic inefficiency and punish success. See also: Sherman Act, Clayton Act.

antitrust laws

Federal and state statutes designed to promote competition among businesses. Antitrust laws in the United States originated from the laissez-faire excesses that took place in the early 1900s. Effectiveness of antitrust laws is heavily dependent upon enforcement by the powers in charge—primarily the U.S. Justice Department. Thus, the success of antitrust laws has varied. See also Celler-Kefauver Antimerger Act, Clayton Act, Federal Trade Commission Act of 1914, Sherman Antitrust Act.

antitrust laws

State and federal laws designed to encourage competition and discourage or prohibit monopolies.Relevant in the real estate context because of the somewhat monopolistic power of local real estate boards, their ability to admit or exclude members, the possibility of de facto (informal) price fixing relative to real estate commissions, and their control of the Multiple Listing Service® database of properties offered for sale. This is an exceptionally complex area of law. (For more information, visit the Department of Justice Web site at www.usdoj.gov/atr/overview.html and the National Association of REALTORS® antitrust pages at www.realtor.org/libweb.nsf/pages/fg704.)

References in periodicals archive ?
However, as the case developed and the league was in convincing the federal trial and appellate courts that it was a single entity, the stakes of the game morphed into a debate over whether the NFL and other professional sports leagues could gain an advance in virtually all areas of business by freeing itself from antitrust law by convincing the High Court that sports leagues operated as a single entity.
Certainly violating the antitrust laws is not as serious as committing acts of terrorism, but the march to get tough on antitrust violations is part of steady pattern initiated by Congress.
He is also a member of the American Bar Association's Antitrust Law Section and a member of the Robinson-Patman Act Committee.
According to the Business Roundtable (2004), the antitrust laws and the intellectual property laws share a common objective: the enhancement of consumer welfare through the promotion of innovation.
The Standard Oil case teaches some important lessons about competition, innovation, and antitrust law.
The government's attorneys seemed focused on attempting to embolden Judge Jackson to not be concerned with the potential of being overturned on appeal and suggested that it would be impossible for the Supreme Court to find that Microsoft's actions do not violate the antitrust laws.
In Illinois Brick, the Court was faced with the offensive use of a "passing on" claim, and so could not justify the presumption recognized in Hanover Shoe based solely on a remedial or pro-enforcement view of the antitrust laws.
Federal Trade Commission Chairman Robert Pitofsky asserted that the new guidelines clarify a wider range of provider networks which will not offend antitrust law.
The potential impact of federal and state antitrust laws on the operations of a business is omnipresent.
economics, embodied and ensured by the antitrust laws, means that every business should have the opportunity to compete freely and flourish in a free market.
antitrust laws applying to foreign market activities to determine whether Kodak could have convinced the U.