A trust is a fiduciary relationship concerning property in which one person, known as the trustee, holds legal title to property for the benefit of another, known as the beneficiary.
The Sherman Act 1890
Congressional enactment designed to regulate anticompetitive behavior in interstate commerce.
A conspiracy to monopolize requires proof of specific intents to monopolize and at least one overt act to accomplish it.
Being guilty of monopolization
When it acquires or maintains monopoly power by a course of deliberate conduct that keeps other firms from entering the market or from expanding their share of it.
Restraint of trade
Monopolies, combinations, and contracts that impede free competition. If I buy from you, you have to buy from my friend.
Horizontal Price Fixing
Agreement between competitors to fix prices.
Vertical Price Fixing
Agreement between a seller and buyer to fix the resale price at which the buyer will sell the goods.
Agreement exists when two parties face each other as both buyer and seller.
Contract contains a provision that one party or the other (buyer or seller) will deal only with the other party.
A buyer agrees to purchase all of its needs of a given contract from the seller during a certain period of time.
Clayton Act 1914
Exempts labor unions front the Sherman Act. The law expanded the national antitrust colicky to cover price discrimination, exclusive dealings, tying contracts, mergers, and interlocking directors.
Federal Trade Commissions Act
An independent administrative agency charged with keeping competition free and fair.
Business for the purpose of driving out competitors, for keeping them out, or for making them less effective.
Rules of Reason
The rule of reason
Per se illegality
It is a crime for a seller to sell either at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor, or an unreasonably low prices to drive out a competitor.