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In Chapter 10, we are briefly introduced to the legal area of antitrust, the relevant laws of which seek to prevent anticompetitive activities that reduce or eliminate economic competition. Some of th

In Chapter 10, we are briefly introduced to the legal area of antitrust, the relevant laws of which seek to prevent anticompetitive activities that reduce or eliminate economic competition. Some of these activities can result in criminal liability for corporations (e.g., fines) as well as corporate employees (e.g., jail time). Specifically, it is a crime for companies to engage in hard core cartel activity, and it is a crime for individual companies to monopolize any part of interstate commerce.
For more information, skim: (1) U.S. Dep’t of Justice, Antitrust Div., Price Fixing, Bid Rigging and Market Allocation Schemes: What They Are And What To Look For, available at https://www.justice.gov/atr/file/810261/download(Links to an external site.) (Sep. 28, 2005); and (2) U.S. Dep’t of Justice, Antitrust Div., Antitrust Laws and You, available at (last updated Jan. 5, 2017) (“An unlawful monopoly exists when one firm controls the market for a product or service, and it has obtained that market power, not because its product or service is superior to others, but by suppressing competition with anticompetitive conduct.”).

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