About This Chapter
Antitrust Laws in Business - Chapter Summary and Learning Objectives
Explore some of the legislation designed to protect customers and prevent unfair trade practices with the video lessons included in this chapter. Instructors explain how the rule of reason is used to determine the existence of an illegal merger and discuss the role of the Federal Trade Commission so that by the time you get to the end of the chapter, you'll be ready to assess some of the issues at play in Supreme Court decisions concerning antitrust enforcement. Lessons are designed to introduce you to:
- Examples of antitrust legislation
- Types of mergers violating antitrust law
- Issues affecting antitrust enforcement
|Antitrust Law: Definition, Types & Outline||Get an overview of the Sherman Antitrust Act and Clayton Antitrust Act. Learn some of the ways businesses unfairly alter competition.|
|Antitrust Laws: Purpose and Remedies||Identify the purposes of antitrust laws and the remedies they may impose.|
|Business Mergers Vs. Contract Acquisitions||Compare and contrast contract acquisitions and business mergers.|
|Types of Mergers: Horizontal, Vertical & Concentric||Distinguish between horizontal, vertical and concentric mergers.|
|Horizontal and Vertical Agreements that Violate the Sherman Act||Explain how different types of horizontal and vertical agreements, like price fixing, boycotts and monopolies, violate the Sherman Antitrust Act.|
|Federal Trade Commission: Powers, Principles & Provisions||Describe the general principles behind laws and regulations against unfair and deceptive trade practices. Outline the major provisions of the Federal Trade Commission Act. Explore powers granted to the Federal Trade Commission.|
|Perspectives on Antitrust Enforcement: Major Issues & Examples||Examine how different perspectives on antitrust enforcement affect the strictness with which antitrust laws are enforced. Identify major issues in antitrust enforcement by reviewing decisions in key Supreme Court cases.|
1. Antitrust Law: Definition, Types & Outline
Antitrust laws are statutes developed to protect consumers from rapacious business practices by making it illegal for businesses to compete in unfair ways.
2. Corporate Expansion: Mergers and Acquisitions
Corporations can grow in two different ways: through expansion of their current business or through mergers and acquisitions. In this lesson, you'll learn about mergers and acquisitions. A short quiz follows.
3. Types of Mergers: Horizontal, Vertical & Concentric
Mergers are endorsed by the government when they do not a create monopolistic environment, and they provide better prices to consumers. In this lesson, you will learn about the three different types of mergers: horizontal, vertical, and concentric.
4. Horizontal and Vertical Agreements that Violate the Sherman Act
There are two types of restrictions under the Sherman Anti-Trust Act. A horizontal agreement between competing businesses includes price fixing, and a vertical agreement between sellers and buyers includes engaging in resale price maintenance. Learn about both types of agreements in this lesson.
5. Federal Trade Commission: Powers, Principles & Provisions
Consumers can be preyed upon by unethical businesses. The Federal Trade Commission (FTC) was developed to protect consumers against fraudulent business practices. In this lesson, you'll learn about the powers, principles and provisions of the FTC.
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