Antitrust and MonopolyThe stated purpose of antitrust laws is to protect competition and the public interest. But do such laws actually restrict the competitive process, harming consumers and serving the special interests of a few politically-connected competitors? Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does antitrust law actually work to restrain and restrict the competitive process, injuring the public it is supposed to protect? This breakthrough study examines the classic cases in antitrust law and demonstrates a surprising gap between the stated aims of antitrust law and what it actually accomplishes in the real world. Instead of protecting competition, this book asserts, antitrust law actually protects certain politically-favoured competitors. This is an essential work for anyone wishing to understand the limitations and problems of contemporary antitrust actions. |
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Page 218
... prefabricated homes manufactured by U. S. Steel on the lots purchased with the funds . Subsequently , Fortner expe- rienced financial difficulties — allegedly due to the fact that the prefabricated homes proved to be " defective and ...
... prefabricated homes manufactured by U. S. Steel on the lots purchased with the funds . Subsequently , Fortner expe- rienced financial difficulties — allegedly due to the fact that the prefabricated homes proved to be " defective and ...
Page 221
... prefabricated homes with an " incidental provision of financing . " 91 Almost all the loaned $ 2 million was related to the purchase and installation of homes . It was simply " not a sale of one product on condition that the buyer will ...
... prefabricated homes with an " incidental provision of financing . " 91 Almost all the loaned $ 2 million was related to the purchase and installation of homes . It was simply " not a sale of one product on condition that the buyer will ...
Page 222
... homes through the mechanism of a credit transaction with a subsidiary . The credit was a conduit through which the singular product , the prefabricated homes , was sold . Many products are sold through advertising ( them ) , but ...
... homes through the mechanism of a credit transaction with a subsidiary . The credit was a conduit through which the singular product , the prefabricated homes , was sold . Many products are sold through advertising ( them ) , but ...
Contents
INTRODUCTION | 1 |
COMPETITION THEORY AND | 13 |
MONOPOLY UNDER THE SHERMAN ACT | 49 |
Copyright | |
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advertising Alcoa alleged allocation aluminum American Tobacco antitrust laws antitrust policy argued bleach industry Borden brand buyers Caffey cents charge Chicago Clayton Act Clorox collusion commerce compete competitive process competitors concentration concerning conglomerate conglomerate mergers conspiracy consumers contracts corporations Court decision criticism crude discounts District Court economic economists effect efficient electrical emphasis added entry existing fact Federal Trade Commission firms free market Harold Demsetz Ibid illegal increase independent ingot Judge Justice leased machines manufacturers market power market share merger misallocation monopoly power Morton Salt neoclassical output percent perfectly competitive perspective petroleum potential prefabricated homes price discrimination price-fixing Procter product differentiation profits purchase railroad rates reason reduce refiners regulation restrain restrict retail Robinson-Patman Act salt sellers selling Sherman Act Shoe Machinery social sold Standard Oil substantial Supreme Court theory tion tying agreements U. S. Steel United Shoe violated welfare York