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LSDefine

Simple English definitions for legal terms

antitrust

Read a random definition: clerk's record

A quick definition of antitrust:

Antitrust laws are rules that stop companies from having too much power and doing things that hurt competition. These laws exist to make sure that businesses play fair and don't cheat customers or other companies. There are three main antitrust laws in the United States: the Sherman Act Section 1, the Sherman Act Section 2, and the Clayton Act. Violating these laws can result in both criminal and civil penalties, including fines and even prison time.

A more thorough explanation:

Antitrust refers to laws and regulations that aim to prevent companies from having too much power and limiting competition. This includes preventing monopolies and other practices that are harmful to competition.

There are federal and state antitrust laws in the United States. The three main federal antitrust laws are:

  • Sherman Act Section 1: This law prohibits specific conduct that is deemed anticompetitive.
  • Sherman Act Section 2: This law provides a way to stop anticompetitive practices that are already happening.
  • Clayton Act: This law regulates mergers and acquisitions to prevent them from harming competition.

Many states have their own antitrust laws that are similar to the federal laws. For example, California has the Cartwright Act.

Violating antitrust laws can result in both criminal and civil penalties. Criminal penalties are rare and are usually reserved for intentional and clear violations. Civil penalties are more common and can result in fines that are sometimes in the billions of dollars.

For example, in 2020, the European Union fined Google $2.7 billion for violating antitrust laws by favoring its own shopping service over competitors in search results. This is an example of a company using its power to limit competition.

Another example is the breakup of the Bell System in the 1980s. The Bell System was a monopoly that controlled the telephone industry in the United States. The government broke it up into smaller companies to increase competition and lower prices for consumers.

antitransfer Laws | antitrust laws

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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