The federal trade commission act introduces our next topic: the methods by which the antitrust laws are enforced.
The department of justice is charged with the enforcement of the Sherman act and the Clayton act. Fines of up to $ 100,000 and jail terms of up to 3 years are allowed for individuals who violate the [...]
The remaining basic piece of U.S. antitrust legislation is the Federal Trade Commission (FTC) act. Section 1 of this act established the independent federal trade commission, with five members.
They are appointed by the president and confirmed by the senate for a term of 7 years. The important part of the FTC act, from the point [...]
First, it prohibits exclusive dealing contracts, under which a sale is made on the condition that the customer agrees not to purchase from rival suppliers. Second, it prohibits requirements contracts, under which a sale is made on the condition that the customer agrees to take the entire required product from the same source. Exclusive dealing [...]
