Saturday, January 30, 2016

LAD #27Clayton Anti-Trust Act

Section 2: This part of the act says that it is against the law to drive the price down in order to create a monopoly. The price should be based on quality, quantity, method of transportation, or to meet the competition. Also, the customers must not be restrained of trade.


Section 3: The companies/corporations can not own parts of the trade such as the transportation or waterways, and also the companies cannot have a fixed price that helps other businesses unlawfully.  In addition, they cannot have contract to lessen the competition.


Section 7: Corporations cannot own the majority of the stock (directly or indirectly) of other corporations in order to try to eliminate the competition.
 This political cartoon shows how monopolies block competition which is why the Clayton Anti-Trust Act was trying to get rid of them.

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