Antitrust Act
This 1890 act is considered the most important of the antitrust laws, prohibiting unreasonable restraints on trade.
What is the Sherman Antitrust Act?
This is a situation where a single company owns all or nearly all of a given market.
What is a Monopoly?
The SEC and the FDA are examples of this type of governmental body.
What is an Administrative Agency?
This power allows agencies to adopt regulations within the scope of their authority.
What is legislative power?
This 1914 act strengthened the Sherman Act and specifically addresses practices like tying arrangements and mergers that could lessen competition.
What is the Clayton Act?
This type of restraint occurs between competitors, such as an agreement to fix prices.
What are horizontal restraints?
This federal act ensures that agency meetings and records are open to the public.
What is the Administrative Procedure Act?
When an agency acts as a judicial arbiter to conduct hearings on violations, it is exercising this type of power.
What is judicial power?
Enacted in 1936, this act focuses on price discrimination to protect smaller businesses.
What is the Robinson-Patman Act?
An agreement between a distributor and a manufacturer regarding the price a consumer is charged is known as this.
What is resale price maintenance?
An agency must be granted jurisdiction by this type of congressional action before it can begin the process of making rules.
What is a Congressional Enabling Act?
This process allows agencies to settle a potential violation without a formal hearing.
What is an informal settlement or consent decree?
This act gives a commission the authority to enforce the other three antitrust laws and prohibits "unfair methods of competition.
What is the Federal Trade Commission Act?
This practice involves competitors agreeing to refuse to deal with certain buyers, a "per se" violation of the Sherman Act.
What is a boycott?
This federal act requires agencies to make public disclosure of proposed rules and activities.
What is the Federal Register Act?
An agency's power to investigate and require witnesses to appear is considered this type of power.
What is executive power?