Search for: "The Socony No. 19"
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6 May 2022, 6:10 am
Miles case, the Court held that resale minimum price fixing was illegal per se under Section 1.[11] It found horizontal price-fixing agreements to be per se illegal in Socony Vacuum.[12] Since Socony Vacuum, the Court has limited the application of per se illegality to bid rigging (a form of horizontal price fixing),[13] horizontal market divisions,[14] tying,[15] and group boycotts[16]. [read post]
11 Nov 2008, 5:43 am
"[18] Significantly, anti-trust laws do not necessarily guarantee low prices, only the conditions that lead to them.[19] This distinction is intentional; the United States Supreme Court has recognized that while it may set the circumstances for achieving a fair price, the workings of a liberal market are better able to determine the fair price itself.[20] While anti-trust laws prohibit fixing maximum prices, the entire goal of the FPGPA is to accomplish just that. [read post]