Antitrust Law an Inappropriate Vehicle for Protecting Business
Not what you're looking for?
Scholar and jurist Richard Posner argues,
The protection of small business whatever its intrinsic merit cannot be attained within the framework of antitrust principles and procedures. The small businessman is, in general, helped rather than hurt by monopoly, so unless the antitrust laws are stood completely on their head they are an inapt vehicle (compared, say, to tax preferences) for assisting small business.
Is antitrust law an inappropriate vehicle for protecting small business? Please explain.
Should we protect small business?
Purchase this Solution
Solution Summary
The solution discusses Antitrust law to determine if it is an inappropriate vehicle for protecting small businesses.
Solution Preview
* Is antitrust law an inappropriate vehicle for protecting small business please explain
I concur with Scholar and jurist, Richard Posner in his argument about the protection of small business. Research shows that antitrust law is, in fact, an inappropriate vehicle for protecting small business. Sharon Devine,ESQ of Lawyers.com references that, "Many small businesses think that antitrust applies only to big business [but they are mistaken]. Antitrust laws are based on the idea that competition creates the largest choice of products and services, with the widest range of quality and price. Laws keep competition robust by preventing unreasonable barriers to competition.
However, the rules are no guarantee that competitors will be equal. There are two flavors of antitrust - monopolization and agreements by competitors to restrain trade.
Agreements that restrain trade include price fixing, bid rigging, allocating customers or markets, and boycotting competitors or suppliers. It doesn't matter how big or small your business is, as certain agreements are illegal regardless of your justification. More importantly, they're criminal.
For example, agreeing with competitors to hold the line on price reductions or to buy from a supplier only if the price stays at a certain level is considered "price fixing." Having a "gentleman's agreement" that one dairy service will ...
Purchase this Solution
Free BrainMass Quizzes
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Business Processes
This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.