Agencies
SEC stands for what?
Securities Exchange Commission (SEC)-implements legislation
Federal regulates what area?
National business and economic needs
Prohibits mergers among competitors that creates or could create a monopoly
Clayton Act
Agreements between competitors to not sell below a certain
Price fixing
FDA stands for what?
Food and Drug Administration (FDA)-implements legislation
State government rely on what power?
Police
Prohibits monopolization
Sherman Antitrust
The ability to control price and exclude competitors
Market Power
CPSC stands for what?
Consumer Product Safety Commission (CPSC)-implements legislation
Cant' make it difficult for someone to buy or sell goods from your state
State gov
Focused on discrimination of prices
Robinson-Patman
Regulates horizontal price fixing
Sherman Act
Before an agency can begin rulemaking proceedings it must be given what?
Jurisdiction by congressional enactment in the form of a statute
Rely on statues and regulations to prohibit unfair methods of competition
State and Federal Gov
Makes it illegal to impose certain group boycotts
The Sherman Act
A situation where a certain group of people own all or nearly all of the market
Monopoly
have power to investigate,require persons to appear witness,bring proceedings against those who violate the law
Administrative Agencies
Makes certain practices unreasonable therefore illegal
Applies to agreements, conduct or conspiracies to restrain trade
Sherman Antitrust
Make sure business are gaining customers because of better service /quality and not market manipulation
Horizontal restraints