Chapter 5 BLAW

The Clayton Act regulates business practices to prevent __________ and promote fair competition.

Monopolies

The Clayton Act prohibits __________ that would lessen competition or create a monopoly.

Mergers

Market Power is defined as the ability of a business to control __________ and exclude competitors.

Prices

Price Discrimination occurs when a seller charges different __________ to different buyers for similar goods.

Prices

The __________ prohibits price discrimination that lessens competition.

Robinson-Patman Act

The Sherman Antitrust Act prohibits activities that __________ trade and competition.

Restrain

If a gas station group agreed to set a fixed price for gasoline, this would violate the __________ due to price-fixing.

Sherman Act

Treble Damages allow an injured party to recover three times the amount of their actual __________.

Damages

Tying occurs when a seller forces a buyer to purchase an __________ product as a condition of buying a desired product.

Unwanted

Divestiture Order

A legal remedy that requires a company to sell or dispose of assets to eliminate anti-competitive practices.