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There are three major federal antitrust laws: The Sherman Antitrust Act, the Clayton Act and the Federal Trade Commission Act.
One of the key legislations that strengthened federal laws against monopolies was the Sherman Antitrust Act of 1890. This act aimed to prevent the formation of monopolies or cartels that could restrain trade and limit competition. It prohibited any agreements or actions that would result in the restraint of trade or the monopolization of an industry.
Unreasonable restraint on trade refers to actions or agreements that limit competition in a way that is not necessary to achieve legitimate business goals. This could include price-fixing, market allocation, or other anticompetitive practices that harm consumers and restrict free trade. Such restraints may violate antitrust laws and result in legal penalties.
The Sherman Antitrust Act of 1890, the first and most significant of the U.S. antitrust laws, outlawed trusts and prohibited "illegal" monopolies.
Antitrust
1. sherman Antitrust act 2. Clayton Antitrust Act 3. Federal trade Commision Act 4. Robinson Patman Act
antitrust laws =)
The United States Department of Justice as well as the Federal Trade Commission has jurisdiction over violations of antitrust laws. Alleged violations are investigated by federal agents and if found to violate any antitrust laws, legal action is initiated.
The FTC enforces the Clayton and Federal Trade Commission Acts as well as a number of other antitrust and consumer-protection laws.
Why Are Hospitals Exempt from Antitrust Laws
Federal Trade Commission
Antitrust or Antitrust Laws