Antitrust and Monopoly: Anatomy of a Policy FailureAn indictment of antitrust policy, illustrating that the laws have not been employed against monopolies, but have been used to restrain and restrict the competitive process. |
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Page 136
... cost savings mandatory . Thus , price- fixing and output agreements must be difficult to conclude when firms find it cost advantageous to increase , not decrease , their sales . Imports . As long as international markets are free , and ...
... cost savings mandatory . Thus , price- fixing and output agreements must be difficult to conclude when firms find it cost advantageous to increase , not decrease , their sales . Imports . As long as international markets are free , and ...
Page 137
... fix prices for any extended period of time . Summary In short , it is probable that private price - fixing agreements would be unstable when substitute competition is important , demand is falling , aggressive sellers are not a party to ...
... fix prices for any extended period of time . Summary In short , it is probable that private price - fixing agreements would be unstable when substitute competition is important , demand is falling , aggressive sellers are not a party to ...
Page 147
... prices . Clearly , then , the Trenton Potteries conspiracy was not able to fix uniform , arbitrary and noncompetitive prices for vitreous pot- tery in the period under consideration . And in the leading case on price- fixing , market prices ...
... prices . Clearly , then , the Trenton Potteries conspiracy was not able to fix uniform , arbitrary and noncompetitive prices for vitreous pot- tery in the period under consideration . And in the leading case on price- fixing , market prices ...
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 Clayton Act Clorox collusion commerce Company compete competitive process competitors concentration concerning conglomerate mergers conspiracy consumers contracts corporations Court decision criticism crude demand discounts District Court economic economists effect efficient electrical emphasis added entry existing fact Federal Trade Commission firms free market Ibid illegal increase independent ingot Judge Justice leased machines manufacturers market power market share ment merger misallocation monopoly power Morton Salt neoclassical nomic output percent perfectly competitive perspective petroleum potential prefabricated homes price discrimination price-fixing Procter product differentiation profits purchase railroad rates reduce refiners relevant market restrain restrict retail Robinson-Patman Act salt sellers selling Senator Kefauver Sherman Act Shoe Machinery social sold Standard Oil substantial Supreme Court theory tion tying agreements U. S. Steel United Shoe violation welfare York