Antitrust Law And The Antitrust Laws - 2190 Words

ANTITRUST Antitrust law in the United States is a collection of federal and state government laws regulating the conduct and organization of business corporations with the intent to promote fair competition in an open-market economy for the benefit of the public. Congress passed the first antitrust statute, the Sherman Antitrust Act, in 1890 in response to the public outrage toward big business. In 1914, Congress passed two additional antitrust laws: the Federal Trade Commission Act and the Clayton Act. (The Antitrust Laws. Web.) Section 1 of the Sherman Antitrust Act prohibits the efforts of multiple firms to restrain trade by controlling prices and supply in a market (46 Case W. Res. 1033). In terms of a professional sports league, a†¦show more content†¦J. 121). In 1961, Congress passed the Sports Broadcasting Act which allowed major professional sports to pool the broadcast rights of its member clubs to negotiate television broadcast agreements that normally would have violated federal antitrust laws. (21 Jeffery S. Moorad Sports Law Journal 577) This antitrust exemption enabled the NFL to protect its primary revenue source of live attendance by negotiating with the networks as to when and where games would be televised. Five years later, in 1966, Congress passed the Public Law 89-900 which had a major impact on how the NFL would be examined under federal law. The statue contained an antitrust provision that allowed for the merger of the National Football League (NFL) and American Football League (AFL) without the threat of an antitrust challenge under the Clayton Antitrust Act or Federal Trade Commissions Act. The act stated that: â€Å"such laws shall not apply to a joint agreement by which the member clubs of two or more professional football leagues, which are exempt from income tax under section 501(c)(6) of the Internal Revenue Code of 1954, combine their operations in expanded single league so exempt from income tax, if such agreement increases rather than decreases the number of professional football clubs so operating, and the provisions of which are directly relevant thereto.† 15 U.S.C.  § 1291. The merger between the NFL and AFL represented a unique characteristic of theShow More RelatedAntitrust Law2734 Words   |  11 Pages| ANTITRUST LAW | | Name -Manpreet Kaur [Date] | â€Å"The mission of the Antitrust Division is to promote economic competition through enforcing and providing guidance on antitrust laws and principles†. Antitrust laws have been developed to create the strong foundation of a free amp; open market of a vibrant economy. Market is so competitive now a days, there are so many options available for products amp; services, which is the result of antitrust laws. Antitrust is developed to helpRead More AntiTrust Laws Essay4454 Words   |  18 PagesAntiTrust Laws Introduction Competition in economics is rivalry in supplying or acquiring an economic service or good. Sellers compete with other sellers, and buyers with other buyers. In its perfect form, there is competition among many small buyers and sellers, none of whom is too large to affect the market as a whole; in practice, competition is often reduced by a great variety of limitations, including monopolies. The monopoly, a limit on competition, is an example of market failureRead MoreThe Decision For Us Federal Antitrust Law1630 Words   |  7 Pagesmaintaining a higher retail price?. The first part of this paper attempts to answer these questions whilst deliberating on the majority and minority judgements of the US Supreme Court in Leegin and the significance of the decision for US federal antitrust law. The second part of this paper compares the US Federal and EU approaches to RPM. Several economic theories postulate enhanced consumer welfare as a reason why a manufacturer might endorse a policy that supports higher retail prices; some otherRead MoreForever: de Beers and U.S. Antitrust Law13035 Words   |  53 Pages9-700-082 DEBORA SPAR Forever: De Beers and U.S. Antitrust Law Educational material supplied by The Case Centre Copyright encoded A76HM-JUJ9K-PJMN9I Order reference F267708 CoursePack code C-788-275379-STU â€Å"As a worldwide dealer in enchanting illusions, Disney has nothing on De Beers.† - The Economist1 In 1999, a series of spectacular advertisements adorned the bus-sides and billboards of major American cities. Set against a lush black background, the ads displayed a perfect setRead MoreAntitrust Laws Of The Sherman Act And The Ftc Act1381 Words   |  6 PagesA preliminary question is what are antitrust laws? They are a series of laws designed to protect competition in the marketplace. Antitrust laws prevent restrains of trade or commerce. Black’s Law Dictionary defines antitrust laws as â€Å"[t]he body of law designed to protect trade and commerce from restraints, monopolies, price-fixing, and price discrimination.† The main law regulating antitrust is the Sherman Antitrust Act, which makes it illegal for individuals or groups to restrain trade or commerceRead MoreThe Federal Trade Commission Actively Enforces Antitrust Law926 Words   |  4 PagesThe Federal Trade Commission actively enforces antitrust laws to organizations within the healthcare field, including to Physician Hospital Organizations (PHOs). A PHO is a vehicle that enables hospitals and physicians to work cooperatively toward accomplishing several objectives (Physician, 2015). According to Susan Creighton (2004), competitive issues among PHOs can occur when a PHO acts as a contracting arrangement for a network of healthcare providers. The network can consist of groups of physiciansRead MoreThe Antitrust Laws Are Really Competition Laws That Are Aimed At Protecting The Consumers From Predatory Businesses1132 Words   |  5 PagesQuestion #1 The antitrust laws are basically competition laws that are aimed at protecting the consumers from predatory businesses out who may be out to defraud consumer and to limit the practice of free and fair competition in the market. The major objective of these laws was majorly meant to curb business practise vices such as price-fixing, bid-rigging, and market allocations. In USA, the antitrust law is cascade into two major categories, the federal antitrust laws, and state antitrust laws. The firstRead MoreAntitrust Law Violation Of Antitrust Laws1277 Words   |  6 PagesAntitrust Law Violations Introduction This paper will discuss the Google case that was presented by Microsoft stating that Google was in violation of antitrust laws. Also, in this paper some of the pecuniary and non-pecuniary costs will be discussed. Given in this paper will also be my thoughts on monopolies and oligopolies. Antitrust Case Google was investigated for antitrust behavior because they were claimed to be an â€Å"internet bully that abuses its dominance of online search and advertising†Read MoreAntitrust Laws And Violations : Antitrust Law3501 Words   |  15 PagesAntitrust Laws and Violations Introduction Antitrust laws are to protect competition. The free and open competition benefits that consumers have by ensuring that they have lower prices as well as new and better products. In a freely competitive market, each competing business generally will try to attract consumers by cutting its prices and increasing the quality of its products or services in order to try to beat out there competitor. The competition and the profit gives the opportunities to bringRead MoreThe Ethics Of The Antitrust Laws Essay1384 Words   |  6 PagesReview Article on the purpose of the antitrust laws is to protect and support free competition Dr Gaurav Khanna, - Associate Professor, Madhav University, Rajasthan, India. Dr. Deepak Bhandari - Professor, FDDI, Jodhpur, Rajasthan, India. Abstract: As per review on many journal, articles and bylaws we come to know that it is not an alternate for sound lawful guidance and does not take the place of knowledgeable lawful counsel required in analyzing exact problems. Competition strategy encroaches ahead