Excess capacity may be dictated by the technology. If the only efficient way to increase capacity is in plants of relatively large size, a firm will have to maintain some excess capacity or risk being caught short by an unexpected increase in demand.
Excess capacity may also be dictated by marketing considerations. Where distributors’ services are [...]
Any person who shall be injured in his business or property by reason of anything forbidden in the antitrust laws may sue therefore in any district court of the united states in the district in which the defendant resides or is found or has an agent, without respect to the amount in controversy, and shall [...]
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 [...]
