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U.S. Anti Trust Laws

The 8 Antitrust Laws and their purpose

QuestionAnswer
Interstate Commerce Act created to oversee railroad rates; currently regulates railroads, motor vehicles, and other freight carriers
Sherman Antitrust Act prohibit any agreements, contract, or conspiracies that would restrain interstate trade or cause monopolies to form
Clayton Antitrust Act clarified and strengthened the Sherman Antitrust Act by prohibiting price discrimination, local price cutting, mergers that reduce competition, and exclusive sales contracts
Federal Trade Commission Act created to investigate charges of unfair methods of competition and commerce
Robinson-Patman Act protects small retail businesses by prohibiting wholesalers from charging small retailers higher prices than they charged large retailers and by prohibiting large retailers from setting artificially low prices
Celler-Kefauver Act amended the Clayton Act to prohibit corporate acquisitions when they substantially decrease competition
Antitrust Procedures and Penalties Act increased penalties for violating antitrust laws
Parens Patriae Act gives state the right to sue companies on behalf of citizens harmed by the company's antitrust violations; requires large companies to notify the government of planned mergers; strengthened federal government's power to investigate antitrust violations
Created by: ezekielbaez