4 ms·
The Sherman act does not require harm to the end consumer. That standard was instituted relatively recently (Reagan administration, if I remember correctly). In
by pge 6y ago
The Sherman act does not require harm to the end consumer. That standard was instituted relatively recently (Reagan administration, if I remember correctly). Interpretation before that (which the Trump admin has leaned toward) would encompass broader monopolistic behavior, such as collusion that prevents competition even if it does not directly result in a price increase for consumers.
- rmrfstar 6y agoGiven how much these issues are going to be discussed in the coming months, it's probably worth giving [1] a read. I selected that article for brevity, recency, and because the author is well known among HN readers. [1] https://scholarship.law.columbia.edu/cgi/viewcontent.cgi?article=3294&context=faculty_scholarship https://scholarship.law.columbia.edu/cgi/viewcontent.cgi?art...