The Sherman Act elevated agreements among oligopolists from an unenforceable
contract to a criminal conspiracy.
The Clayton Act of 1914 further strengthened the antitrust laws. According to
this law,
discount true religion jeans, if a person could prove that he was damaged by an illegal arrangement to
restrain trade,
replay jeans, that person could sue and recover three times the damages he sus-
tained. The purpose of this unusual rule of triple damages is to encourage private
lawsuits against conspiring oligopolists.
Today,
Herve Leger High Neck Minidress black sale, both the U.S. Justice Department and private parties have the authority
to bring legal suits to enforce the antitrust laws. As we discussed in Chapter 15,
true religion jeans wiki,
these laws are used to prevent mergers that would lead to excessive market power
in any single firm. In addition,
Ladies Diesel Jeans, these laws are used to prevent oligopolists from act-
ing together in ways that would make their markets less competitive.
AN ILLEGAL PHONE CALL
CASE STUDY