By: Anthony J. Wisdo*
Abstract
U.S. antitrust law is the ultimate protector of free market competition. The backbone of U.S. antitrust law is the Sherman Antitrust Act. Section 1 of the Sherman Act prohibits unreasonable restraints of trade. Unrestrained market competition protects consumer welfare by preventing monopolistic practices.
A Section 1 violation requires concerted activity between independent actors. Concerted activity … Read the rest