Chapter 50 - The clayton act, the robinson-patman act, and antitrust exemptions and Immunities. The learning objectives for this chapter include: Identify anticompetitive behavior under the Clayton Act, discuss FTC and DOJ roles for proposed mergers, describe the three types of price discrimination, explain the antitrust exemptions. | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 11 Administrative Law The Federal Trade Commission Act and Consumer Protection Laws Antitrust: The Sherman Act The Clayton Act, The Robinson-Patman Act, and Antitrust Exemptions and Immunities Employment Law Environmental Regulation Regulation of Business P A R T The Clayton Act, The Robinson-Patman Act, and Antitrust Exemptions and Immunities P A E T R H C 50 If you think of life as like a big pie, you can try to hold the whole pie and kill yourself trying to keep it, or you can slice it up and give some to the people around you, and you still have plenty left for yourself. Jay Leno, 1999 Learning Objectives Identify anticompetitive behavior under the Clayton Act (§3, §7, §8) Discuss FTC and DOJ roles for proposed mergers Describe the three types of price discrimination Explain the antitrust exemptions Clayton Act enacted to fill a perceived weaknesses of the Sherman Act Only probability of | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 11 Administrative Law The Federal Trade Commission Act and Consumer Protection Laws Antitrust: The Sherman Act The Clayton Act, The Robinson-Patman Act, and Antitrust Exemptions and Immunities Employment Law Environmental Regulation Regulation of Business P A R T The Clayton Act, The Robinson-Patman Act, and Antitrust Exemptions and Immunities P A E T R H C 50 If you think of life as like a big pie, you can try to hold the whole pie and kill yourself trying to keep it, or you can slice it up and give some to the people around you, and you still have plenty left for yourself. Jay Leno, 1999 Learning Objectives Identify anticompetitive behavior under the Clayton Act (§3, §7, §8) Discuss FTC and DOJ roles for proposed mergers Describe the three types of price discrimination Explain the antitrust exemptions Clayton Act enacted to fill a perceived weaknesses of the Sherman Act Only probability of significant anticompetitive effect required for Clayton Act violations Private plaintiffs may sue for injunctive relief and treble damages Dept. of Justice and FTC share enforcement of Clayton Act to seek injunctive relief or issue cease and desist orders Overview of The Clayton Act Prohibits two potentially anticompetitive behaviors: tying agreements and exclusive dealing agreements Applies to commodities (goods) in interstate commerce No formal agreement required Act prohibited if it would substantially lessen competition or tend to create a monopoly Clayton Act Section 3 Tying: agreement restrains trade by requiring a buyer to purchase one product (tied product) from a seller in order to purchase another product (tying product) from same seller Exclusive dealing: agreement in which buyer required to handle seller’s product exclusively or purchase all of buyer’s requirements for a commodity from seller Tying Agreements Tying arrangements: Two separate products Seller .
