Price Regulation
May regulate any area of business to advance the nations national economic needs.
Who is the federal government?
The federal law that prohibits price discrimination.
What is the Clayton Act?
The anticompetitive practice of requiring buyers to purchase one product in order to get another.
What is tying?
Exist of federal and state levels.
What are agencies?
A judicial figure who hears administrative agency actions
What is an ALJ (administrative law judge)
Relies on police power, may not impose an unreasonable burden on interstate commerce or any activity of the federal government.
Who is state government
A federal statute designed to eliminate price discrimination in interstate commerce.
What is the Robinson-Patman Act?
Three times the damages actually sustained. .
What is treble damage?
The public has ready access to the activity of administrative agencies.
What are open records, open meetings, and public announcement of agency guidelines.
In administrative actions, third parties who have an interest in the issues being determined by the ALJ
What is an intervenor?
Who wrote that "government regulation of business interferes with the free enterprise system"?
Who is Milton Friedman?
A federal statute prohibiting combinations and contracts in restraint of interstate trade, now generally inapplicable to union labor activity.
What is the Sherman Anti-trust Act?
What is administrative law?
Federal law permitting citizens to request documents and records from administrative agencies.
What is the Freedom of Information Act?
Negotiated disposition of a matter before an administrative agency, generally without public sanctions.
What are informal settlements?
Antitrust laws that regulate the relationships between and among competitors.
What are horizontal restraints?
Restrain trade and are prohibited under the federal antitrust laws.
What is Monopolization?
Informal settlements of enforcement actions brought by agencies.
What is consent decrees?
Law that requires advance notice of agency meeting and public access.
What is open meeting law?
Another name for an administrative law judge
What is a hearing officer?
A court order to dispose of interests that could lead to a monopoly.
What is divestiture order?
Federal Law that establishes the operating rules for administrative agencies.
What is Administrative Procedure Act?
Another name for an administrative law judge.
What is a hearing examiner?
Informal settlements of enforcement actions brought by agencies.
What is a consent decree?