What is the difference between Section 1 and Section 2 of the Sherman Act?
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Moreover, what is Section 2 of the Sherman Act?
Section 2 of the Sherman Act reads as follows: “Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several states, or with foreign nations, shall be deemed guilty of a [felony].”
One may also ask, how is a relevant market identified by Section 2 of the Sherman Act? Section 2 of the Sherman Act prohibits monopolization and attempts and conspiracies to monopolize. ' In actual and attempted monopolization cases the prevailing rule requires the plaintiff to prove that the defendant has acted with the specific intent to mo- nopolize the relevant market.
Also asked, what does Section 1 of the Sherman Act mean?
Section 1 of the Sherman Antitrust Act prohibits agreements in restraint of trade--such as price-fixing, refusals to deal, bid-rigging, etc. The parties involved might be competitors, customers, or a combination of the two. The per se approach generally includes direct price-fixing and bid-rigging.
What is the purpose of Section 2 of the Clayton Act?
Highlights of the Clayton Act include: Section 2, which prohibits price discrimination that would lessen competition. Section 3, which prohibits exclusionary practices, such as tying, exclusive dealing, and predatory pricing, that lessen competition.