1. CHAPTER 42: ANTITRUST LAW

2. CHAPTER 42: ANTITRUST LAW
Learning Objectives:
Introduction to Antitrust Law
Monopolization Under the Sherman Act
Restraints of Trade –
Sherman Act
Clayton, Robinson-Patman Acts
International Applications
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3. INTRODUCTION TO ANTITRUST LAW
Need for Government Regulation of the Marketplace
Principal Legislation:
Sherman Act
Clayton Act
Federal Trade Commission Act
Robinson-Patman Act
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4. INTRODUCTION TO ANTITRUST LAW
Basic Principles
Jurisdiction
Exemptions
Enforcement
Criminal
Civil
Private Right of Action
Treble damages plus fees
“Tangible injury” Requirement
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5. MONOPOLIZATION Nature of a Monopoly Section 2 of the Sherman Act
Monopoly Power
Factors:
Relevant Product or Service
Market Share
Intent
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6. MONOPOLIZATION Monopoly: Share of Market Relevant Market Intent
Appropriate Product or Service
Geographic Area
Intent
Nature
“Thrust Upon” Defense
Attempting to Monopolize
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7. RESTRAINTS OF TRADE Basic Provisions Concerted Action
Sherman Act, Section 1: “contract, conspiracy, or combination”
“Unreasonable Restraint of Trade”
Per se violation: conclusive
Rule of reason violation: case-by-case analysis
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8. RESTRAINTS OF TRADE Basic Provisions … Horizontal Restraints
Horizontal Price-Fixing
Horizontal Division of the Markets
Horizontal Group Boycotts
Vertical Restraints
Vertical Price-Fixing
Vertical Division of the Markets
Vertical Group Boycotts
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9. RESTRAINTS OF TRADE Advanced Provisions
Clayton Act: Exclusionary Contracts
Tying Arrangements
Exclusive Dealing Arrangements
Clayton Act: Mergers
Horizontal Merger
Vertical Merger
Conglomerate Merger
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10. RESTRAINTS OF TRADE Advanced Provisions … Price Discrimination
Role of the Robinson-Patman Act
Types of Price Discrimination
Defenses:
Cost Justification
Meeting Competition
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11. INTERNATIONAL CONSIDERATIONS
Reach of United States Law
Reach of Foreign Laws
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12. CHAPTER 42: ANTITRUST LAW