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market structrues
holt economics
8
Economics
12th Grade
03/27/2012

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Term
interstate commerce act (1887)
Definition
created the interstate commerce commission to oversee railroad rates currently regulates railroads motor vehicles and other freight carriers.
Term
sherman anti trust act (1890)
Definition
prohibits any agreements contracts or conspiricies that would restrain interstate trade or cause monopolies to form.
Term
clayton anti turst act (1914)
Definition
clarified and strenghtened the sherman anti trust act by prohibiting price discriminations local price cutting mergers that reduce competition and eclusive sales contracts
Term
federal trade commission act (1914)
Definition
created the federal trade commission to investigate charges of unfair methods of competition and commerce
Term
robison patman act (1936)
Definition
protects small retail business by prohibiting wholesalers from charging small retailers higher prices than theycharge large retailers and by prohibiting large retailers from setting artifcially low prices.
Term
celler kefauver act(1950)
Definition
amended the clayton act to prohibit corporate acqusitions when they substanially decrease competition.
Term
anti trust procedues and penalty act
Definition
icreased penallties for violating anti trust laws
Term
parens patriae act (1976)
Definition
gives states the right to sue companies on behalf of citizens harmed by the companys anti trust violations requires large companies to notify the government of planned mergers strengthend the federal government s power to investigate anti trust violations.
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