26 Aug Bail-Mono
reply to below in 150 words, provide 150 words
Antitrust Laws
Antitrust laws were developed by the United States with the intention of guarding against potential monopolies that would prevent a fair competition within an open-market economy. For starters, The Sherman Antitrust Act was developed in 1890 for the purpose of prohibiting any form of contract, trust, or conspiracy that restricted interstate foreign trade. This also prevented companies from conspiring with other forms of interstate foreign trade or commerce to create a monopoly. The penalties for violating this law included being in jail for up to three years or given up to a $10 million dollar fine. This law was later amended to become The Clayton Act in 1914 which was designed to prevent price discrimination, tying agreements, interlocking directorates, or other forms of mergers and acquisitions.
I personally believe these antitrust laws have been very effective against preventing monopolies and have helped companies maintain a fair competition not only for the average consumer but for the overall economy. These laws have shown their effectiveness in instances such as with Rockefeller’s Standard Oil when the company drastically reduced their prices in order to obtain business from their competitors. Another example was with the Microsoft case when the company began bundling Windows and Explorer in attempt to overtake competitors such as Apple Inc. Microsoft was fined $70 billion dollars for the violation. These instances show that the antitrust laws are necessary and keep the economy at equilibrium while allowing other businesses to flourish and the consumers to have multiple choices.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.