Sherman and Clayton Act
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Briefly summarize the main tenets of the Sherman Act of 1980 and the Clayton Act of 1914. Do these acts really promote greater competition? Why or why not?
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Solution Summary
The solution summarizes the main tenets of the Sherman Act of 1980 and the Clayton Act of 1914.
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Clayton Act:
Some of the important characteristics of the Clayton act are as follows. It prohibits:
? price discrimination between different buyers if such discrimination lessens competition
? sales on the condition that the buyer not deal with the competitors of the seller or that the buyer also purchase another different product, but only when these acts substantially lessen competition
? mergers and acquisitions where the effect may substantially lessen competition
? any person from being a director of two or ...
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