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Chapter 6

Market Structure

QuestionAnswer
Interstate Commerce Act The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices.
Sherman AntiTrust Act requires the United States Federal government to investigate and pursue trusts, companies, and organizations suspected of violating the Act
Clayton AntiTrust Act was enacted in the United States to add further substance to the U.S. antitrust law regime by seeking to prevent anticompetitive practices in their incipiency
Federal Trade Commmision Act established the Federal Trade Commission (FTC), a bipartisan body of five members appointed by the President of the United States for seven year terms
Robinson-Patman Act is a United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination
Celler-Kefauver Act is a United States federal law passed in 1950 that reformed and strengthened the Clayton Antitrust Act of 1914 which had amended the Sherman Antitrust Act of 1890
Antitrust Procedures and Penalties Act increased penalties for violating antitrust laws
Created by: Chimes
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