Monopoly
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According to Cornell University Law School, trusts and monopolies are ..... of wealth in the hands of a few.
Such conglomerations of economic resources are thought to be injurious to the public and individuals because such trusts minimize, if not ..... normal marketplace competition, and yield undesirable price controls.
These, in turn, cause markets to stagnate and ..... individual initiative.
To prevent trusts from creating ..... on trade or commerce and reducing competition, Congress passed the Sherman Act in 1890.
The Sherman Act is the main source of ..... law.
The Sherman Act is a Federal ..... and as such has a scope limited by Constitutional constraints on the Federal government.
The commerce clause, however, allows ..... a very wide interpretation and application of this act.
The Sherman Act applies to all transactions and business involved in ..... commerce.
Most if not all states have comparable laws prohibiting monopolistic conduct, price fixing agreements, and other acts that constrain trade having strictly local ......
The Massachusetts Act reads: it shall be unlawful for any person ..... in commerce, to make a sale of goods on the condition that the purchaser thereof shall not deal in the goods of a competitor of the seller, where the effect of such sale or such condition may be to lessen substantially competition or tend to create a monopoly in any line of trade.
