The Clayton Antitrust Act is a landmark piece of legislation aimed at promoting fair competition and eliminating unethical business practices in the public marketplace.
A collusive oligopoly is an industry comprising a few producers (oligopoly), in which producers agree among themselves as to pricing of output and allocation of output markets.
Divestiture involves the loss or voluntary surrender of a right, title, or interest. It can also be a legal remedy where the court orders the offending party to rid itself of assets, often used in the enforcement of antitrust laws.
Fair competition refers to business practices that adhere to regulations and ethical standards, ensuring a level playing field for all market participants.
The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 via the Federal Trade Commission Act. Its main functions are to promote consumer protection and eliminate and prevent anticompetitive business practices such as coercive monopoly.
Monopoly refers to the control of the production and distribution of a product or service by one firm or a group of firms acting in concert, characterized by the absence of competition, leading to high prices and a general lack of responsiveness to consumer needs.
The term 'pool' has various definitions across different industries including corporate finance, industry, insurance, investments, and real estate. It generally refers to a combination of resources or funds for a specific purpose.
Price discrimination is the practice of charging different customers different prices for the same products or services. When this practice is used to reduce competition, it may violate antitrust laws.
Price-fixing is an illegal activity under federal antitrust laws in the United States. It occurs when competing businesses agree, collude, or conspire to set or maintain the price of a commodity or service, rather than allowing market forces to determine price. The purpose and effect of price-fixing are to manipulate prices in a way that eliminates competition and harms consumers by maintaining higher prices or controlling the supply of goods or services in interstate commerce.
