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Provide a 1 page analysis while answering the following question: Ch 40 dis. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required.
Provide a 1 page analysis while answering the following question: Ch 40 dis. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. No: Violation of Antitrust Law Legislation enacted by the federal and the other s of USA to regulate trade and commerce aims at to prevent unlawful business practices, fixation of price, not to encourage monopolistic environment, to promote competition, and to encourage quality of goods and services at the reasonable prices, with the primary objectives of safeguarding public interest. It ensures that consumer demands will be met at an affordable rate (West’s Encyclopedia of American Law 1997).
However, cited law encourages healthy competition in business and trade. This law has impacted positively on the business practices of the organization of the United States of America as far its industry is concerned. No doubt free market economy reaps free trade benefits, businesses, and consumers the consumers as well. These have been classified into four main areas a) agreements between competitors b) contractual arrangements between sellers and buyers c) maintenance of monopoly power and d) mergers (West’s Encyclopedia of American Law 1997).
The Sherman Anti-Trust Act of 1890 is the focal point for antitrust law which subsequently followed by the other States of the United States of America. The congress addressed the weaknesses of given acts and amended it accordingly. In this respect, we may refer the acts of Clayton Act of 1914 and the Robinson-Patman Act of 1936. The efforts of the Congress with regard to enforcement of law are highly appreciated. It should be taken into account the ongoing analysis influenced by economic, intellectual, and political changes. The U.S. Supreme Court has had the leading role in shaping up and applying these laws (West’s Encyclopedia of American Law 1997).
Since the association of bakeries is responsible for creating monopolistic environment and raising the retail price of bread from 75 cent to 85 cent at their own whims and fancies, hence found violating and negating the antitrust laws.
Works Cited
West’s Encyclopedia of American Law. Antitrust Law. West Legal directory, 1997. Accessed 7 July 2012. <. http://iris.nyit.edu/~shartman/mba0101/trust.htm>..
