Regulation of Horizontal Markets and Competitors
A federal statute prohibiting combinations and contracts in restraint of interstate trade, now generally inapplicable to labor union activity.
what is the Sherman Antitrust Act
A federal law that prohibits price discrimination.
what is the Clayton Act
Three times the damages actually sustained.
what is treble damages
A government body charged with administering and implementing legislation.
what is an administrative agency
A judicial figure who hears administrative agency actions.
what is an administrative law judge
The ability to control price and exclude competitors.
what is market power
A federal statute designed to eliminate price discrimination in interstate commerce.
what is the Robinson-Patman Act
The maximum fine for a corporation
what is $100 million
the law governing administrative agencies
what is administrative law
A negotiated disposition of a matter before an administrative agency, generally without public sanctions.
what is informal settlements
A court order to dispose of interests that could lead to a monopoly.
what is a divestiture order
The charging practice by a seller of different prices to different buyers for commodities of similar grade and quality, resulting in reduced competition or a tendency to create a monopoly.
what is price discrimination
what is $1,000,000
A federal law that establishes the operating rules for administrative agencies.
what is an Administrative Procedure Act
informal settlements of enforcement actions brought by agencies.
what is consent decrees
vertical types of anticompetitive behavior
what is price-fixing, monopolization and mergers among competitors
Price discrimination prohibits what?
what is charging different prices to buyers as related to marginal costs.
The attorney general of a state may bring (BLANK) to recover damages on behalf of those who have paid the higher prices.
what is a class-action suit
A federal law permitting citizens to request documents and records from administrative agencies.
what is the Freedom of Information Act
another name for an administrative law judge.
what is hearing officer or examiner
Unfair competition is controlled by what?
what is statutes, administrative agencies and regulations.
The Robinson-Patman Act16 reaffirms what?
what is right of a seller to select customers and refuse to deal with anyone.
A class-action suit is also referred to as what?
what is parens patriae
A law that requires advance notice of agency meeting and public access.
what is open meeting law
in administrative actions, third parties who have an interest in the issues being determined by an ALJ.
what is inventors