This is a good chapter for anyone interested in the law or the economics of law. There's a bit of a history lesson in this chapter as well. The two most important anti-trust laws studied in microeconomics are:
1. The Sherman Act of 1890 --- sections 1 and 2
2. The Clayton Act of 1914 --- four sections
Be sure you understand the meaning of the terms --- price fixing, price discrimination, monopolization, predatory pricing, tying contracts, interlocking directorates, exclusive dealing, per se illegal, rule of reason, etc. These terms apply to the laws above.
More to follow.
