Sherman Act
What is 1890?
The Clayton Antitrust Act was passed in this year.
What is 1914?
This is an example of a per se monopolistic behavior. It results in an automatic violation if proven to be taken place
These are the two components that must be considered in evaluating a possible monopoly.
What are cross-price elasticities of close substitutes and geography of reasonable alternatives?
This was the year NCAA v. Board of Regents of University of Oklahoma and the University of Georgia was decided by the Supreme Court.
What is 1984?
The first trust dissolved by the Sherman Act was dissolved in this year.
What is 1902?
The law legalized these groups that is used today by all the big four sports leagues.
What is a labor/player union?
Agreement among separate entities that negatively affects competition in a relevant market that outweighs any pro-competitive effects is this type of monopolistic action.
What is rule of reason?
These are two examples of things that are collectively determined in sports leagues.
This was the total damages amount awarded in USFL v. NFL.
What is $3?
The purpose of the Sherman Act is to protect the consumers by preventing arrangements designed to do this.
What is advance the cost of goods to the consumer?
This agency enforces the Clayton Act.
What is the Federal Trade Commission or Antitrust Division of the DOJ?
This group or person is responsible for showing anticompetitive practices are occurring in the market.
What is the plaintiff
While these are clearly collusive, they are not necessarily antitrust violations.
What are rules of play?
This court case decided that Major League Baseball is not interstate commerce.
What is Federal Baseball v. National League?
Section 1 of the Sherman Act bars this type of restriction to the market.
What is restraint of trade?
This is one of the areas was included in the Clayton Act that would have escaped penalty under the Sherman Act.
What are mergers, acquisitions, or interlocking directorates?
This type of violation is used most often to justify collusive behavior of sports.
What is rule of reason?
These two groups can start an antitrust challenge in courts and be awarded damages.
What are a harmed party and the DOJ?
American Needle v. NFL decided that this type of deal was illegal.
What is exclusive licensing of NFL team logos?
What is a felony?
What is triple damages?
The legal analysis of antitrust cases must identify this.
What is the relevant market?
Structural decisions have largely been favored to be this type of action on balance for sports leagues.
What is procompetitive?
This late owner was involved in two court cases against the NFL.
Who is Al Davis?