antitrust law

Английский Язык - Английский Язык

Определение antitrust law в Английский Язык Английский Язык словарь: Any law that encourages competition by limiting unfair business practices and curbing monopolies' power BACK TO TOP; Any law that encourages competition by limiting unfair business practices and curbing monopolies' power; Any law restricting business practices that are considered unfair or monopolistic. Among U.S. laws, the best known is the Sherman Antitrust Act of 1890, which declared illegal "every contract, combination...or conspiracy in restraint of trade or commerce." The Clayton Antitrust Act of 1914, as amended in 1936 by the Robinson-Patman Act, prohibits discrimination among customers through prices or other means; it also prohibits mergers or acquisitions whenever the effect may be "to substantially lessen competition." Labour unions are also subject to antitrust laws; law intended to promote free competition in the market place by outlawing monopolies; Legal prohibition of monopolies and cartels or monopoly-like behaviors (p 338)