When antitrust laws might place too great of a burden on commerce in the global marketplace?
When might antitrust laws place too great of a burden on commerce in the global marketplace?
The basic idea associated with the Sherman Act is to protect trade from monopolies and illegal restraints. It focuses on sustaining a competitive trade environment (Miller 608). The assumption regarding section one of the act is that the welfare of the society is negatively affected when competing firms are allowed to engage in an agreement that limits their competition while section two focuses on prohibiting monopolization (Miller 608). The Sherman Act has influence only on the restraints that significantly affect the interstate trade. The influence of the act extends past the U.S. borders to countries whose activities significantly affect the U.S. involvement in the international trade. The federal courts are viewed to possess exclusive jurisdiction of the antitrust cases brought to it under the act (Miller 610). The analysis puts into view when the antitrust laws might impose a great burden on commerce in the international marketplace.
It can be viewed that the antitrust laws in the U.S. are highly strict which places the nation at a disadvantage in the global market. The current laws prevent the companies in the country from associating with other companies which are the U.S. based in regard to anti-competitive behavior. This particularly applies to international cartels who tend to employ complex technology and techniques in c…
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