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. |
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 compete competitive process competitors concentration concerning conglomerate mergers conspiracy consumers contracts corporations Court decision criticism crude differentiation 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 neoclassical nomic output percent perfectly competitive perspective petroleum potential Predatory Pricing prefabricated homes price discrimination price-fixing Procter product differentiation profits purchase railroad rates reason reduce refiners 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 violated welfare York