Sherman Act
the ability to control price and exclude competitors
What is market power?
law governing administrative agencies
What is administrative law?
three times the damages actually sustained
What is Treble damages?
competitors are not permitted to agree not to deal with certain buyers
What is per se violations
federal law that establishes the operating rules for administrative agencies
What is the Administrative Procedure Act
order issued by a court or administrative agency to stop a practice that it decides is improper
What is cease-and-desist order?
any agreement to charge an agreed-upon price or to set maximum or minimum prices between or among competitors
what is price fixing?
federal law permitting citizens to request documents and records from administrative agencies
What is Freedom of Information Act?
requirement that an agency make its final decision before the parties can go to court
What is exhaustion of administrative remedies?
a court order to dispose of interests that could lead to a monopoly
divestiture order.
law that requires advance notice of agency meeting and public access
What is open meeting law?
informal settlements of enforcement actions brought by agencies
What is consent decrees?
the anticompetitive practice of requiring buyers to purchase one product in order to get another
what is Tying?
federal law requiring agencies to make public disclosure of proposed rules, passed rules, and activities
Federal Register Act
Maximum fine and term for an individual who is guilty of an antitrust violation
$1,000,0000 or 10 years, or both.