We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Antitrust and Regulation - Term Paper Example

Comments (0) Cite this document
Summary to term paper on topic "Antitrust and Regulation"
Competition law otherwise known as the antitrust law in the United States can be seen as legislation by various states governments to regulate trade and commerce through prevention of unlawful restraints, price fixing and monopolies. It seeks to promote competition and encourage production and sale of quality goods and services at low prices…
Download full paper
Polish This Essay
Antitrust and Regulation
Read TextPreview

Extract of term paper "Antitrust and Regulation"

Download file "Antitrust and Regulation" to see previous pages... The law is premised on the belief that free trade benefits the economy, businesses and the consumers by forbidding various restrains of trade and monopolization. It falls under four areas namely agreement between competitors, contractual arrangements between sellers and buyers the pursuit or maintenance of monopoly power and mergers (Wilberforce,
Let us write or edit the essay on your topic "Antitrust and Regulation" with a personal 20% discount.. Try it now
The law of competition can be dated two centuries ago, the medieval monarchs and the Roman Empire used tariff systems to control prices and support local production. The formal study of competition can be dated in the 18th century with works of Adam Smith when he wrote about the wealth of Nation. Different terms were used to describe the law which include restrictive practices, the law of monopolies, combination acts, and the restraint of trade. The law can be seen to have three main elements which include prohibiting agreements or practices that restricts free trade and competition between business premises, it element focuses mainly on repression of cartels. Second is the banning of abusive behaviors by firms dominating a market or anti competitive practices that may tend to lead to dominance (Bork, 126).
Among the practices controlled by this are predatory pricing, tying, and refusal to deal, among others. Lastly there is the supervision of mergers and acquisition of large corporations including joint values. Transactions thought to threaten competitive process can be prohibited all together. Approved subjects to remedies for example an obligation to divest part of the merged business the merged business, that is, to offer license or access to facilities that enable other businesses to continue competing. The contents and practice of competition law varies s from one jurisdiction to another. In many countries the main objective of the law is to protect the interests of thee consumer or safeguarding the consumer welfare, and ensuring that entrepreneurs have an equal opportunity to compete in the market economy. The law is also closely related to the law of deregulation of access to the market, state aids and subsidies, privatization of state assets, and the establishment of independent sector regulators. In the past decades the law has been viewed as way to provision of better public services (Whish, 198).
According to Robert Bork competition has been found to have created adverse effects when they reduce competition through protecting the inefficient competitor and when the cost of legal intervention is higher then the consumer benefits more. The business practices of market traders' guilds and governments have always been scrutinized and sometimes severe sanctions have been placed. Dating back from the 19th century competition law has been now embraced globally. The largest and the most influential law systems being the United States antitrust law and the European community competition law. National and regional competitions authorities across the world have formed to incorporate international support and enforcement networks (Bork, 127).
In microeconomics and strategic management horizontal merger refers to a type of ownership and control. It is used by businesses as a strategy that seeks to sell a type of products in many markets or numerous markets. It is much more common compared to vertical ...Download file "Antitrust and Regulation" to see next pagesRead More
Cite this document "Antitrust and Regulation"
  • APA
  • MLA
(“Antitrust and Regulation Term Paper Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1501091-antitrust-and-regulation
(Antitrust and Regulation Term Paper Example | Topics and Well Written Essays - 1250 Words)
“Antitrust and Regulation Term Paper Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/miscellaneous/1501091-antitrust-and-regulation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Depression.Goal-Setting and Emotion Regulation
Though these symptoms could in actuality belong to any number of issues, including a regular case of “the blues”, what makes depression unique is that these symptoms will not go away over a long period of time, and quite possibly not without some form of outside intervention (National Institute of Mental Health, 2011).
5 Pages(1250 words)Term Paper
National bank regulation of commercial bank
Previously, the word ‘banks’ used to indicate only commercial banks, but now credit unions, savings banks provide nearly the same kind of services; however, they differ in some respects as some specialize in providing housing finance and some on consumer credit.
8 Pages(2000 words)Term Paper
The current level of government regulation of business is detrimental to our economy
In medieval times, people from the different countries went out in ships to trade with the other countries. After that stronger countries began to conquer the other countries in search of the resources, in order to aid their economic development. Trading companies became the norm during this time.
15 Pages(3750 words)Term Paper
Business Law: Antitrust Laws
Antitrust laws are restraints on trade to prevent firms from making agreements with each other that would reduce their competition
3 Pages(750 words)Term Paper
Economics - Public Utilities
erformance of the publicly owned telecommunication industry before the 1980s, the privatization will improve the overall performance and efficiency of the sector. The outline of the essay is as follows. After a discussion on the process of privatization of this sector globally,
7 Pages(1750 words)Term Paper
Public Utilities
Thus telecommunication sector is considered to be of much economic and technological importance (Li and Xu, 2004). There had been significant changes in this sector transforming from a state owned, state operated a
2 Pages(500 words)Term Paper
Brief history of the telephone and communication network highlighting major events and technologies from 1845 to the present including the major impacts of regulation
Rather, the device was designed to print patterns at a distance. The patterns consisted of familiar dots and dashes that indicated short and long beeps of the Morse code respectively. Morse developed a key and sounder in 1844 for his first
4 Pages(1000 words)Term Paper
Food Law and Regulation
The amino acid formulations contain all the essential and non-essential amino acids and other ingredients included in the current infant formulas to provide proper nutrition. The American Academy of Pediatrics also advocates for human milk
2 Pages(500 words)Term Paper
The companies and their appointed lawyers did not agree to this and took defensive measures by challenging the ruling as well as the lady judge. The companies drafted and filed court papers requesting
3 Pages(750 words)Article
Supporting Regulation of E-Cigarettes
Though in one way or another it contribute revenue to the economy, it is hypocrisy since the responsible stakeholders in human danger control end up spending more than the revenue corrected thereon. With this high cost of
4 Pages(1000 words)Term Paper
Let us find you another Term Paper on topic Antitrust and Regulation for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us