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Sherman Antitrust Act
Herbert Hovenkamp has written: 'Enterprise and American law 1836-1937' 'Federal antitrust policy' -- subject(s): Antitrust law, Economic aspects, Economic aspects of Antitrust law
trusts were another name for monopolies so antitrust policy was were the government intervene to prevent monopolies from forming
Antitrust laws allow the U.S. government to regulate and enforce laws that promote fair competition in the marketplace. However, antitrust laws do not allow the government to set prices for goods and services.
antitrust laws
In a totally free enterprise environment companies will tend to maximize the wealth (and/or power) of their leaders and/or owners. This is good if you happen to be a leader or owner of such a company. It is bad if you are a worker or customer of the company. As a company approaches 100% market share it obtains excessive power over both customers and employees of its industry - since they have no choice (unless there is some substitute industry). As it grows it becomes more and more able to drive out remaining competitors.ATT (known as "Ma Bell") had a monopoly on all aspects of phone service in the US. A Federal judge heard an anti-trust case and broke up the company.
William E. Kovacic has written: 'The antitrust government contracts handbook' -- subject(s): Antitrust law, Government purchasing, Law and legislation, Public contracts
Firat Cengiz has written: 'Antitrust federalism in the EU and the US' -- subject(s): Federal government, Antitrust law
An antitrust attorney can be found in law firms that specialize in antitrust law, or in the antitrust division of government agencies such as the Department of Justice or the Federal Trade Commission. Antitrust attorneys may also work in-house for corporations that have significant antitrust issues or concerns.
adopting antitrust laws
allow a congressperson to create a state religion
Economists have often advocated antitrust policy, public enterprise, or regulation to control the abuse of monopoly power.